Dominic Raab, who was the negotiator in BEXIT told the chief whip straight after cabinet yesterday that he would quit. He said the prime minister could still change course and should be ready to walk away with no deal. Naturally, Prime Minister May defends the deal and this is indicative of someone who never supported BREXIT, […]
The politicians in Illinois after destroying the state economically, want to now impose an EXIT tax for anyone who dares to think about leaving the state. This is the problem we face. They will never look at the long-term impact of their decisions. Such a tax may make others decide NOT to move to the […]
COMMENT: Mr. Armstrong, I have to say that Bitcoin has crashed again because the IMF says each country should create its own cryptocurrency. That would kill all the cryptocurrencies and you were right again. Governments will never surrender their power to Bitcoin. Thank you for your realistic perspective DT REPLY: I really do not get these […]
A relief rally after a poor opening for US markets and that confidence did roll into Asia, but only for a short time. The Nikkei opened well but then saw selling and the heavy mood softened the index into the weekend. This trade could also have been a balanced trade for the Yen, which is […]
QUESTION: Mr. Armstrong, you said that next year, interest expenditure will most likely exceed military. Is this how the monetary crisis begins to unfold? WR ANSWER: The entire problem with this Quantitative Easing has been the plain fact that the government is the biggest debtor. This is the same model around the world. Lowering interest […]
Since the beginning of the year, the Turkish currency has lost more than a third of its value against the dollar. As the currency declines, imports rise in cost since they are denominated in foreign currency. This adds to the inflation problem domestically. Among other things, the sharp criticism of Erdoğan in the markets has cast doubt on the independence […]
COMMENT: Dear Martin, I bought ‘The World Real Estate Report’ at the end of 2016. It stated that Australian real estate was going to fall after the first quarter (March) in 2016. The property prices in Melbourne (where I live) continued to rise in April 2016 so I sent an email to Socrates Support asking […]
Asia traded reasonably well following the US volatility, with core China indices closing over 1% higher following encouraging Trade headlines. Talk is that discussions between the two are progressing – or even that they are communicating! However, the main topic happened later in early London trading so lets just jumped ahead to todays hot topic […]
The British pound has dropped 1% today and is trading in the mid 127 level. The rumor running around the City (the financial sector in London) is that Prime Minister May has called an emergency press conference and she will resign handing power to Michael Grove. However, it may be more likely that Grove has […]
CNN has filed suit over Trump banning Acosta from the White House claiming they have a First Amendment right. Trump says CNN’s Jim Acosta is ‘bad for the country’ and was ‘very rude’ to a female intern during microphone clash as White House argues in court that ‘no journalist has a First Amendment right to enter’. Actually, […]
