The initial headline that US and China plan to reconvene talks next week, was all it took to start the stock market bounce. However, added to this was that China lowered the RRR (Reserve Ratio Requirement) by 50bp initially then another 50bp later and that helped Europe to perform. Japan’s Nikkei (-2.25%) hit by commodity […]

QUESTION: What about what China did by buying stocks a few years ago to stop the hang sang from dropping LW ANSWER: Do not confuse attempts to support a market from actually being able to do so. This is the same as Keynesian economics that government could prevent recessions. Larry Summers admitted the government cannot even forecast […]

The USD was the figure of attention overnight for Asia as it surged against the Turkish Lira, Euro, Sterling and the A$, but saw short-covering stops taken on the Yen. The warning heard from Apple over its Asian sales forecast and growing concerns for global growth triggered the sudden safe-haven flurry into the Yen. Obviously, […]

  While the BitCoin people have hated me for not agreeing with them that a private currency could displace the currencies of all nations and BitCoin would be the new “reserve currency” killing the dollar, to me they are in serious need of help. They have ZERO comprehension of governmental power and ZERO understanding of what […]

In early 2019 trading, it looked as though we were set to resume the ‘sell at any price’ trend. However, US markets managed to turn that around, but lets discuss that further down this report. Volumes were light in Asia, which is often the case when a major indices has a national holiday (Japan). Scarily, […]

Although dealing desk will still be on skeleton staff until January 2nd, all will be receiving calls and checking levels today after the scare following the Christmas Eve scare. Markets globally, drop from 2% – 4% Monday, but with volumes extremely thin. From Asia to the US, fears were spreading as talks of regulators being […]

The total global debt hit a record $184 trillion, which is the equivalent to more than $86,000 per person. That is actually more than double the average per-capita income. People ask me will our solution work? Can we really just end government debt and convert it to cash restricted to investing in domestic companies? I […]

Another weak close for US markets and again, that sentiment just rolled into Asia and the mood was set for the day. Japan took the brunt as stocks lost another 1% as financials led much of the way following a disappointing BOJ’s unchanged stance. This inspired a revival of the Yen safety bid and took […]

QUESTION: Marty I read your daily newsletters as the only source of real news ‘out there’ Fascinated by the report that Canadians are discovering thickening ice cover How do I convince reporters for the much respected ‘Wired’ magazine and the Popular Mechanics website that their constant refrain of ice melts, rising sea levels et al is […]

QUESTION: Mr. Armstrong: I have watched in amazement how you connect all these elements. Everyone I spoke to agreed this was your best WEC ever. You have said the Fed needed to raise rates because of the pension crisis and it would have nothing to do with inflation but it has to normalize rates to help […]