Asian markets were unsure in what to do when the news of Comey’s dismissal arrived over the tapes and will probably be debating that again in Thursdays trading. Core markets closed mixed today with a positive close for the Nikkei (+0.3%) accompanied by the Hang Seng (+0.5%) and the ASX (+0.6%), but saw a […]
QUESTION: I read Zero Hedge on where a Federal Judge Declares Constitution Void, Threatens Civil Defendant With Death. These judges are really out of control. How can they keep someone in a civil case in prison until they die? ANSWER: Because the Court of Appeals do absolutely NOTHING to defend the citizens in the country, we […]
https://www.armstrongeconomics.com/wp-content/uploads/2017/05/Going-Against-Majority.mp4 QUESTION: I find it interesting that you say the majority must always be wrong. I read Kenneth Rogoff’s comment on Davos and how the predictions there are always wrong. Do you think this can ever change or is it just how it works? ANSWER: Yes, I reported on that comment by Rogoff. The MAJORITY must […]
QUESTION: I am new to your services. I purchased the Canadian report on the property markets. I am fascinated by your ability to forecast so many events. I understand it is the computer for sure and no individual has the time to forecast so many markets all the time. It appears your forecast on the […]
Most of the talk in Asia surrounded the Hang Seng and the new highs seen since last summer. The index rallied over 1% in todays trading led by energy and petrochemical stocks as Shanghai rebounded after recent losses. As the deleveraging within the mainland continues the HSI rally has benefited. HSI has climbed nearly 13% […]
Angela Merkel was the first phone call Emmanuel Macron made after the election. My point about the election for Macron would be the worst possible outcome for the Euro was not just reflected in yesterday’s outside reversal to the downside. Merkel has already made it clear that she will not relax Eurozone spending rules to […]
The view that BREXIT is a creating uncertainty in Europe with the swell of populism, the demand for dollar denominated debt has been strong over the past year. This has led to more debt being racked up at a faster pace than ever in US dollars among emerging markets, which stood at about 50% of […]
Private Blog – Euro in Aftermath of French Elections Note: Access to the Private Blog is through Socrates Standard Level $14.99 per month
The world keeps changing and the credit card companies regard subscriptions to be high risk for apparently some small operations charged a subscription and then closed their doors. The credit card companies had to refund the money. So their new criteria is monthly payments. We had to revise our entire system to comply with […]
With Japan returning to the market place after the three day Golden Week holidays and the seeming calming settlement for Europe after the Macron win in France the Nikkei returned +2.3% in todays trading. Early Asian trading saw the Euro move into the 110 handle but could not hold gains even for the Asian close. All the talk […]
