Mon, 12 March 2018
Martin Armstrong is still bullish on the stock market. Europe is still in trouble. Draghi isn't abandoning QE so quickly. He's trapped and so is the Euro. There's a big bet against the Euro taking place as witnessed by the German Bund spreads. There's a huge crisis in the offing. And it's worldwide, the US and Europe and elsewhere. They need a minimum return of 8% and there's few opportunities to get it. Forget government bonds, they're a guaranteed loser. The ECB owns more than 40 percent of all government debt. Therefore, it's impossible to cover future pension debt. Compared to the ECB, the Fed looks like it knows what it's doing. |
Mon, 12 March 2018
The bull market is turning 9 years old. Had we known we would have baked a cake. It is now the longest running bull market in history! What could possibly go wrong. The tree will surely grow to the sky. And as if that wasn't enough, corporate debt levels are surging. But don't worry, this time is really different because it's not being held by big banks, ETF's and pension funds will be left holding the bag. But everything will work out fine, nothing can go wrong, go wrong, go wrong. |
Mon, 12 March 2018
Live every day as if it would be your last, for one day you're sure to be right. This is my all-time favorite quote from the classic movie Breaker Morant. Our schedule for the next week or two will be sporadic. My sister is in hospice now, her days are few. Grieving can be an incredible learning process and can be quite liberating. For one thing, it puts things in perspective. How can we be upset over minor disturbances in life, especially when we consider how short our lives truly are? We really don't have time for it. The time to find peace in your life is now! When the people you love get to this point, you realize the absolute triviality of so many of life's events, the pointlessness of petty resentments and much of our anger. The time is always now and there's always a reason you need to trudge on, regardless of how hopeless things may seem. Thanks to all of you for your thoughts and prayers. |
