Costa Rica Declares State of Emergency
President Rodrigo Chaves of Costa Rica has declared a state of emergency, but not due to anything happening in his nation per say. People across the globe are passing through [...]
Euro Rally
Once the Euro closed above the Weekly Bullish Reversal last week, we have rallied strongly simply on comments from Draghi that a strong Euro is good. It is hard to contemplate his reasoning since this increases the debt burden of Southern Europe and reduces German export competitiveness. His comments that changing police will come September. So we have the 99% bullish sentiment acting still in anticipation.
We have exceed the 2016 high of of 11616 intraday reaching 116574. The Quarterly Bullish Reversal stands at 11694 and this is the key area to watch. Exceeding that allows the rally to reach the Downtrend. With this middle target on our objective reached, technically we have an outside reversal to the upside which has cleaned out the stops. This is setting the stage for the Monetary Crisis that begins in 2018. The higher we move in one direction, the worse it swings in the opposite.
We times timed the Frankfurt seminar with this move as well as our meetings with institutions over the next two weeks.
Latest Posts
Canada to be Short 3.45 Million Homes by 2030
The demand for housing in Canada drastically outweighs the supply. The Canada Mortgage and Housing Corporation (CMHC) has confirmed that fewer new builds are expected for 2024. In fact, the [...]
California Raises Minimum Wage for Fast Food Workers to $20 per Hour
Effective April 1, fast food workers in California will receive a minimum wage of $20 thanks to a new law signed by Governor Gavin Newsom. This law does not extend [...]
Putin Interview 2020 Prewar
https://www.armstrongeconomics.com/wp-content/uploads/2023/09/Putin-2020-Interview.mp4 Zelensky insisted, thanks to Victoria Nulan, that the Minsk Agreement had to be terminated to Justify his conquest of Russia. This is why I warned Zelensky was the [...]
