COMMENT: Hi Marty,
I must say your analysis of the dow for the last six months is simply mind blowing.
Everything you said has been accurate. You are right that most will not get what your saying because they are stuck in a linear world – not a dynamic world.
You did say markets would churn into May. You were SPOT on. I guess what throws most is when you say we could get a high in May/June or September. They can’t process the dynamism. They guys would be good candidates for government work where they can just try control everything.
Indeed I am looking forward to the biggest “mind twisting” trade of the century, as you say. It is looking at this stage like a May/June high – everything is truly connected. You have opened my eyes forever.
REPLY: It is so hard for many to understand how everything is connected and to separate me from the computer. The vast majority who disagree always make this personal rather than the analysis. The churning of the Dow until May was connected to the dollar rise and the collapse of the Euro on just one level. If you would normally see a decline that everyone was calling for in the US market, they missed the currency play which would provide steady support for the Dow. Continue reading
At Jordan summit, Mideast leaders appeal for international assistance against terror, say air strikes on IS not working
SOUTHERN SHUNEH, Jordan (AP) — Mideast-weary though it may be, the international community has a duty and an interest in helping the countries of the region both rebuff violent extremists and fix the refugee crisis that in part has resulted from the fight with them — that was the message coming from the regional World Economic Forum Saturday.
“In Iraq and the region as a whole, the biggest challenge we face is extremism and terrorism, but this has repercussions at the international level,” said Iraqi Vice President Ayad Allawi.
“Terrorism is not plaguing Iraq alone but is spilling over,” agreed Saleh Muhammed Al Mutlaq, Iraq’s deputy prime minister. “If it does, it will affect the stability and security of the whole world. We cannot expect that any Arab country can fight terrorism without the help of the international community.” Continue reading
The Islamic State continued its push toward Baghdad and on other fronts. Saturday, the group took the Iraq-Syrian town of Husaybah on the Tigris, rounding off its control of the border and the river and gaining an easy and rapid route for transferring reinforcements between the two countries. Continue reading
Because of the interconnectedness of the world economy, if Greece does truly fall apart and cause the currency bloc to crumble, it will spread to South America. South America’s weakest countries, such as Argentina or Venezuela or both, would be the most likely to take the hit and then collapse. From there, it will spread north up to Mexico which would then take a hit and go through the same process. When the falling dominoes reach Mexico, the United States has two weeks before it will suffer the same fate. Respectively, ordinary Americans will have a buffer of two weeks time to withdraw all the cash they can from the bank.
Keep your eyes wide open and remain on guard. The world is too interconnected and is one catastrophe away from implosion.
Greece cannot make debt repayments to the International Monetary Fund next month unless it achieves a deal with creditors, Interior Minister Nikos Voutsis said on Sunday, the most explicit remarks yet from Athens about the likelihood of default if talks fail.
Meanwhile, Finance Minister Yanis Varoufakis said it would be “catastrophic” if Greece left the euro, predicting it would be “the beginning of the end of the common currency project”.
Shut out of bond markets and with bailout aid locked, cash-strapped Athens has been scraping state coffers to meet debt obligations and to pay wages and pensions. Continue reading
Alexander Litvinenko 2.0:
A WEALTHY Russian banker who died with traces of a lethal exotic plant in his body was poisoned in Paris in an international assassination, it is claimed.
He is said to have fallen foul of President Vladimir Putin by whistle-blowing on corruption among Moscow’s power elite – vast sums were being skimmed off as part of a £163.5million tax scam.
French detectives have now been instructed by an investigating magistrate to look into his death. Continue reading
China’s space capabilities are ranked the fourth in the world, and the gap between the leading powers is narrowing, according to a report issued recently by a Chinese research organization.
China is at a crucial period developing from a major power to a great power in space, says an evaluation by the Beijing Institute of Space Science and Technology Information, affiliated to the China Academy of Space Technology.
Last year saw a record 92 launches around the world, with 262 spacecraft put into orbit. The institute for the first time evaluated the space capabilities of 20 countries and regions across six aspects: strategy, product systems, infrastructure, industrial scale, innovation and international influence. Continue reading
Germany and France are now preparing to jointly develop a new main battle tank, the Leopard 3, to replace its ageing Leopard 2 military vehicle by around 2030, which would be able to compete with Russia’s next-generation Armata tank, recently showcased at the Victory Day parade commemorating the end of World War Two in Moscow.
The main reason for the modernization is believed to be the Leopard 2 service life, which is set to expire by 2030.
The German media, however, suggest that the real reason is the recently-presented analysis by Germany’s Federal Intelligence Service (BND) on Russia’s reinforced combat strength and its recently showcased T-14 Armata tanks, which were presented during the country’s Victory Parade in Moscow on May 9. Continue reading
I find it extremely perplexing that I have been the only one to report that there is a secret meeting in London where Kenneth Rogoff of Harvard University and Willem Butler the chief economist at Citigroup will address the central banks and advocate the elimination of all cash to bring to fruition the day when you cannot buy or sell anythhing without government approval. When I Googled the issue to see who has picked it up yet, to my surprise Armstrong Economics comes up first. Others are quoting me, and I even find it spreading as the Central Bank of Nigeria, but I have yet to find reports on the meeting taking place in London when my sources are direct. Continue reading
A senior official at the Bank of England “inadvertently” sent research assessing the economic dangers of the UK leaving the European Union to an editor at a national newspaper.
The Bank was left in an embarrassing situation on Friday after it accidentally emailed details – including how to fend off inquiries related to the report – directly to the Guardian newspaper.
A Bank spokesperson said that the error was “unfortunate”. Continue reading
As reported by Japan’s news media, the Japanese government plans to earmark US$100 billion for investing in infrastructure projects in Asia in the next five years, with the investment scale rivaling the authorized initial capital of the China-initiated Asian Infrastructure Investment Bank (AIIB). But many observers doubt whether Japan is financially and technically capable of carrying out the plan, given its government’s heavy financial burden and its aging population, according to the Shanghai-based China Business News (CBN). Continue reading
As the US is refusing to sell Japan the Lockheed Martin F-22 Raptor fighter, the Japan Air Self-Defense Force (JASDF) will have to settle for the Lockheed Martin F-35 Lightning II instead, according to an analysis piece posted on Sina’s military news web portal.
The F-35 will still allow the JASDF entry into the stealth fighter club, however. China is likely to respond to the Japanese fighter upgrade with appropriate measures of its own, said the website. Continue reading
If the Russian economy collapses and is not capable of opposing the West, the final card left on the table for Russia will be its recently modernized armed forces. If this happens, Russia could attempt to “break” NATO through the Baltics. The expansion of military activities in Ukraine’s East has been a huge mistake, and Russia does not know how to get out of this situation anymore. Resistance by the Ukrainian side was much larger than Russia expected, and this means that if Russia wants to continue its assault on Ukraine, it will have to openly send in its regular forces. This would automatically mean new sanctions imposed by the West. However, Vladimir Putin has cultivated his image to a point where he cannot afford to back down, the current advisor to the Latvian defense minister and former head of the Latvian Constitutional Protection Bureau Jānis Kažociņš points out. Continue reading
The piece, entitled “The Perfect Storm”, describes militant Islamist groups such as Boko Haram, which recently pledged allegiance to Isis, uniting across the Middle East, Africa and Asia to create one global movement.
The article claims this alignment of groups has happened at the sane time as Isis militants have seized “tanks, rocket launchers, missile systems, anti-aircraft systems,” from the US and Iran before turning to the subject of more extreme weapons the group is not in possession of – such as nuclear weapons.
“Let me throw a hypothetical operation onto the table,” the article continues. “The Islamic State has billions of dollars in the bank, so they call on their wilāyah in Pakistan to purchase a nuclear device through weapons dealers with links to corrupt officials in the region.”
The China-led Asian Infrastructure Investment Bank (AIIB) aims to be up and running by the end of the year, delegates from the institution’s 57 founding members said on Friday, wrapping up a three-day policy meeting in Singapore.
China’s stake in the lender would probably be about a quarter and India would be the second-biggest shareholder, the delegates said.
Delegates also put the finishing touches to the AIIB’s articles of agreement, which were expected to be ready for signing by the end of next month, according to a statement by the bank’s interim multilateral secretariat.