Finally we saw a little profit-taking in the Nikkei today, after having touched 26 year highs in earlier trade. The sell-off was not so much but felt more after spending the majority of the day in positive territory. The Yen moved stronger but that was later in the trading day after news of possible delays to 2019 […]
We have a lot of turmoil going on in Saudi Arabia. There has been the arrest of various princes and people who have been allegedly squandering money. We have the prospect of selling off the oil giant ARAMCO. We have had the ostracization of Qatar on allegations that they are supporting Iran.Now we have the line […]
Iran has a very rich history that lends itself to tremendous insight into the long-term future of the Middle East. It was Cyrus the Great who conquered Lydia which was the birthplace of money issued by the state. The Persians adopted the practice and then continued to produce coins with the same design as the […]
COMMENT: Mr. Armstrong; This was my first WEC. Your presentation on the Quantity Theory of Money and how that is at the core of all our problems was a real revelation. You blew every economic theory out of the water and my years at uni studying economics has been a great disservice my entire life. […]
Although Asia closed with pretty much a mixed session, it really does not explain the mood or sentiment. Yes, the Nikkei closed lower on the day (-0.1%) but after opening lower and a brief dip thereafter, for the balance of the day the market was bid and closed just below unchanged. Major stocks driving the […]
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