COMMENT: Marty; I see what you mean that it does not matter what the fundamentals are, markets move based upon what people belief be it right of wrong. To what the euro rally reminds me of the DOT.COM bubble. Blue skies forever. REPLY: Yes. Human nature is such that we act always in anticipation of […]
Private Blog Update for June Month-End Closing in the Euro/Dollar Please note: While our ArmstrongEconomics.com blog is free to the general public, our Private Blog posts are not accessible on ArmstrongEconomics.com. They are only accessible on our sister website, Ask-Socrates.com. This website is a membership only service, and Private Blog posts are only available to members. […]
Please note: While our ArmstrongEconomics.com blog is free to the general public, our Private Blog posts are not accessible on ArmstrongEconomics.com. They are only accessible on our sister website, Ask-Socrates.com. This website is a membership only service, and Private Blog posts are only available to members. To learn more about Ask-Socrates.com Standard Membership Level, click […]
I reported previously that the European Commission is seeking to take the clearing of the Euro derivative transactions from London and move them to Paris. The European Central Bank (ECB) is warning that it must secure strong access rights for the supervision of the cross-border settlement of financial transactions after the departure of Great Britain from […]
COMMENT: Well Mr. Armstrong, perhaps you are wrong at last. It looks like your meetings in Brussels that quite a few people noted you shuffling around town did have an impact. Looks like your constant warning about the structure of the euro’s failure is being corrected. Looks like you did make a difference. So congratulations […]
QUESTION: Marty; You said gold was still vulnerable in dollars but that the low was probably in place in Euros. I have been trying to reconcile that statement in my mind. The only way that happens is a real crisis in Europe and a strong dollar. Correct? It seems really naive that people get bullish […]
Private Blog – Euro in Aftermath of French Elections Note: Access to the Private Blog is through Socrates Standard Level $14.99 per month
The Euro turning point on our Weekly Models still points to the week of May 8th. As we can see technically, the Euro is well below the Monthly Downtrend Line which stands significantly above the market at 12622. There is no real chance of a reversal in the protracted long-term decline. We really need a […]
QUESTION: The bounce in the Euro is a fool’s’ game? ANSWER: Absolutely. The Euro is doomed because especially if Le Pen loses, Brussels will be relieved and proceed as usual. The same problems will merely exist and no reform will come forward to save the day. A good wind will blow over the European banking […]
It may sound crazy that an old currency is still being hoarded 16 years after the introduction of the euro. However, the Germans still have been hoarding Deutsche Marks and coins worth some 6.5 billion euros. Why? Germany never put a time limit upon when you had to swap out the old currency. About a third […]
