Asia performed well overnight following on from a strong US session. The Nikkei opened strong and remained well bid into the close. The Yen fell towards the high 111’s a loss of around +0.3% on the day. The North Korean missile test with it apparently falling into Japanese waters, was quickly ignored even given the […]
COMMENT: Mr. Armstrong; Your warning about the European Banks has come to a head today. Société Générale has announced it is closing 300 branches and firing 3450 staff. Everything you have been saying is proving to be correct when nobody else seems to even discuss the matter. I hope you come back to Paris. A […]
The New York Justice System is what it is. They have “flipped” the Turkish-Iranian businessman Reza Zarrab into a prosecuting witness offering him a reduced sentence if he testifies. That means the deputy chief of the Turkish Halkbank, Mehmet Hakan Atilla, is now the only defendant in the process to stand trial. According to the New York […]
QUESTION: Mr. Armstrong; I heard you will be the keynote speaker at the Hack-Miami Programmer’s conference in 2018. Can I ask a question given your expertise in AI. What is your opinion of Sophia? Is this really AI warranting that she was granted citizenship in Saudi Arabia? See you in Miami HPK ANSWER: Sophia is a […]
Asia responded to an uncertain US session with its own uncertainty! The Nikkei was almost unchanged despite the move back into the Yen. The currency traded back toward the 111 level but stopped shy by only a few Sen. The Hang Seng alos closed almost unchanged but we saw a small positive move back for […]
COMMENT: Thank you so much for not taking advertising. When you try to read articles o0n other sites, up pops some advert blocking everything until you click to get rid of it. This is the most frustrating experience. Thank you so much. REPLY: No worries. I hate that as well. Such sites have lost touch with […]
The Illinois Supreme Court has used STRICT CONSTRUCTION to defend the State against State Employee pensions that have been bankrupting the State. Previously, back in 2014, the Supreme Court ruled that health care benefits provided to state employees were a “permanent benefit” guaranteed by the state constitution. That has led to a complete disaster as healthcare […]
The dollar haters have been touting that the Chinese yuan, or otherwise known as the renminbi, would kill the dollar and gold will soar. I have warned that China will take the spotlight as the Financial Capital of the World once again but only after 2032. A real assessment of international capital flows reveals the truth. The […]
The Great San Francisco Earthquake struck on April 18th, 1906 (1906.295). Based upon our model that monitors also earthquakes due to their impact on the economy (1906 quake led to the Panic of 1907 and the formation to create the Federal Reserve in 1913). The risk for a major earthquake turns up in 2018. Why? […]
