A possible new pandemic is forming from a deadly strain of flu emerging from Australia and will be headed to the UK as the normal flow of travels would take it. Britain will perhaps be hit with the worst flu season in 50 years. Already, there are about 170,000 cases of flu reported in Australia […]
Talk amongst many traders is that they are so unsure how the new rules and regulations surrounding the implementation of MIFiD II (Markets in Financial Instruments Directive) are to be imposed, that some even said they were keen to extend their holidays until this mess is sorted out. In other words, until they hear that […]
The bad loan (“non-performing loan” (NPL)) crisis in Europe is well known and many have been calling for this issue to be addressed. In Italy, the bad loan crisis has reached 21% of GDP. While NPLs dropped to 4.8% of all loans in the EU as a whole during the first quarter of 2017, they […]
The Year-End number for the Shanghai share index is 3239.5. A closing above this number will keep the market in a consolidation mode. Resistance stands at 3478.01 and support going into 2018 will reside at 2444.0. A closing below 3478.01 will warn that we may see a retest of support. In the case of Hong […]
Although not all markets closed positive, the overall theme certainly was. Shanghai and Hang Seng were both strong with gains made from Tech, Consumers and Energy all adding to the near 1% gains. Volumes were again very disappointing with todays HSI around 70% of the previous 30 days average. Much has ben talked of the […]
QUESTION: Mr. Armstrong; Why the h–l does not the world listen to you. I am in Erie, Pa. We have more than 60 inches of snow without drifts. The drift on my front door is more than 8 feet. I bought extra canned food for this winter based on your forecast. I told my wife better […]
Venezuela has the largest proven oil reserve in the world. However, they are out of gasoline. The government has attributed this to poor management which has led to the stoppage of 80% of the country’s refineries. So much for socialism. The assumption that government is competent of managing anything is proven by this very example. My old friend, […]
QUESTION: Mr. Armstrong; You are clearly a Roman scholar. Is it true that the Romans used crucifixion only for political crimes and that the two who were crucified with Jesus were not thieves but rebels? There has been some debate on this subject. I would like to hear your views. Thank you WR ANSWER: Jesus’ crime was really […]
The War Cycle is in full swing upward since 2014. We have witnessed the invasion of Ukraine, the invasion of Syria, Rocketman in North Korea, and numerous civil uprisings. However, the war also comes with sharply declining economies as political leaders need to point the finger outside their domestic rule to distract their people. The Turkish […]
As can be expected during holiday shortened session, volumes were extremely low and movement similar. The same could not be said for the Euro on Christmas Day though, a large order sent the currency down 3% at one point, only for it to bounce make minutes later. That is often the problem during holiday sessions; […]
