COMMENT: Thank you for the Private Blog. It keeps the rift-raft out. They can bash you all they want and claim you only forecast long-term trends. Yor call on the Euro was great and then you said it would bottom on Wednesday this week. I covered my shorts and it was a real bounce today. […]
The emails have started with the conspiracy accusations that this is the second WEC when President Trump will be there in the same place. True, he was in the same hotel in 2016 in a meeting a couple doors away. This time he has announced the meeting with Kim will take place in Singapore. A […]
The energy price rally was again the reason given for positive equity markets around the world and Asia benefited also. The Hang Seng (+0.9%) performed the best, but only just edging out the +0.8% rally seen in the KOPSI index. Retail tech and financials helped the run, whilst currency movements also play their part. The […]
Yellowstone Supervolcano geyser Steamboat has been unusually active. Many fear that something strange is happening which may signal it is getting active once again under Yellowstone National Park. Steamboat is indeed the world’s largest geyser and it has erupted three times in just six weeks. Many people have been asking if we ran our models […]
They are calling it the “Big Chill” because we have just had two years of really Global Cooling. The NASA data has shown that the last two years have been the most dramatic two-year cooling event of the last century. Ever since the ECN turned down 2015.75, we have had colder weather and rising interest […]
QUESTION: Dear Marty, due to 5,000-year lows in interest rates, in 2011 the US was able to triple the debt but keep the payments the same as in 1998. With interest rates rising (but still historically low) in 2017 the US paid the highest interest payment on the debt in history. Could you please elaborate […]
Asian markets were in two minds whether to follow energy prices or industrial metals after the news from Washington yesterday. The Nikkei (-0.4%) interpreted it as negative and hit stocks from the opening bell, but did not really go anywhere from then onward. The JPY has resumed its downward trend and is this evening flirting […]
QUESTION: If governments have been borrowing without limit since world war 2, are you saying that there is some line that is cross in debt to GDP that results in default? Thank you JU ANSWER: No. The debt to GDP ratio is interesting. The USA is at about 103% and China is at 250%. […]
QUESTION: Why are long-term yields on risky European debt below that of US Treasuries? Is this the European bubble madness? HN, Frankfurt ANSWER: This is unquestionably a bubble, but the buyer has been the ECB (European Central Bank). Yields on risky European bonds have been driven below the yields of long-dated US securities. The financial system […]
QUESTION: Mr. Armstrong, I believe you mentioned at one of the conferences that the Chinese dragged a member of their high court out into the square and set him on fire in his judicial robs. Am I correct in that statement? When was that exactly? MS ANSWER: You are not far off. Zang Tang (? – […]
