Ellesmere Island, Nunavut, Canada After Trump pulled out of the Climate Accord that would not let anyone speak at the Paris Conference who disagreed with their research, now according to Reuters, the conservative Berlin circle within the CDU is also calling for a softening of the German climate policy. In a statement, the group demanded an […]

This morning in Asia markets were still playing off of the US ADP data and enjoying that its continues to support the recent bull run. Confidence was obvious in markets when the JPY traded back to 111.70 (losing its safe-haven bid) but then NFP’s were released. We’ll comment on this in the US session update […]

The president of Venezuela’s opposition-run Congress led by Julio Borges came out and accused Goldman Sachs of “aiding and abetting the country’s dictatorial regime” after a report that Goldman had bought $2.8 billion in bonds from the cash-strapped country at 31 cents on the dollar. They paid $865 million. There have been two months of opposition […]

Minutes from the Fed’s May policy meeting showed board members thought that if jobs growth remains healthy with a rebound in investment and consumer spending then rates could rise “soon”, which many took to mean June. The economy has shown some signs of weakness, the Fed still thinks its broad strength would justify winding down […]

The Pension Crisis is serious and is the catalyst that will bring everything down. Nearly 600 State & Local governments are now in the hole and has reached nearly $1.2 trillion of unfunded pension liabilities in FY 2014. This reflects total pension liabilities of $4.798 trillion and total pension assets (or fiduciary net position) of $3.607 […]

QUESTION: Marty, In light of the recent ransomware attacks where individuals/companies are being held hostage until they pay the criminals in bitcoins, why wouldn’t governments around the globe step in and just shut down Bitcoin.   It amazes me.  Bitcoin allows people to sell everything from drugs to trade secrets on Wall Street  and they do […]

QUESTION: Hi Martin, I am a long time reader and so appreciate your daily blogs, You have taught me so much about the global interconnectivity of markets and human nature of the “herd”.Thank you for your life dedication to the pursuit of Truth and justice. You are appreciated more than you know. My question is that […]

Asian cash markets had their second chance today to react to the political shenanigans happening in the states. All cash markets were again marked lower with the Nikkei closing -1.3% and was also hindered by the yens strength; as we saw 110.35 trading in the early session. Considering it was trading with a 113 handle […]

The correction has begun with the uneasiness of the two political scandals surrounding Trump – Russian meeting and now a Comey memo saying Trump asked him to kill the investigation into Flyn. The first is not really an issue legally, but the second could fuel the quest to impeach Trump which is really led by […]

While money managers and investor around the world discuss, if this is a game changer or not, one thing is for sure – its a reason to spike volatility! The VIX has gapped 20% (12.70) in early trade as the DOW declined over 250 points and by the close was up 39% at 14.75 (did touch 15% but was […]