QUESTION: You mentioned that Goldman Sachs can take down the entire banking sector. Do you see this correlating in the future? JF ANSWER: Here is Goldman Sachs and JP Morgan. The first thing you will notice is that JP Morgan has been in a REAL bull market. Goldman has not. I am a firm believer […]
QUESTION: Mr. Armstrong; You mentioned that we should expect a further decline in the economy. Do you have a target for that decline? Thank you KT ANSWER: The world economy has been in a prolonged economic decline as taxes have risen and regulation has expanded. As government hunts money everywhere, they are bringing the world […]
Often, when a major economy is out markets are quiet and that is exactly what we have seen the past two days. Thanks Giving in the US and national holidays in Japan has kept global markets quiet, closing almost unchanged from midweek close. Additionally, with such uncertainty surround Trade talks and BREXIT negotiations it endorsed […]
A Greek cleaning lady was sentenced to 10 years in prison for lying about her elementary school record in a court ruling. Her sentence has outraged the people and rightly so. The 53-year-old woman had worked at a publicly-funded nursery for 15 years until a review in 2014 revealed she had doctored a certificate documenting her […]
Despite the forecasts 20 years ago that snow would be a thing of the past, the last three winters have been getting progressively colder and nastier. Back in 1975, Newsweek predicted we were going into a new ice age until it became profitable to flip it into global warming to justify new taxes. Back in 1971, […]
The Abu Dhabi sovereign wealth fund sued Goldman Sachs on the Pi Target, Wednesday, November 21st, 2018, for allegedly conspiring against the Middle Eastern fund to further a criminal scheme by Malaysia’s scandal-plagued 1MDB. The suit, filed in a New York court on behalf of Abu Dhabi’s International Petroleum Investment Company (IPIC), names Goldman Sachs […]
The real curious thing is that the Abu Dhabi sovereign wealth fund filed a lawsuit against Goldman Sachs precisely on the Pi Target Wednesday (Nov 21) for allegedly conspiring against the Middle Eastern fund to further a criminal scheme by Malaysia’s scandal-plagued 1MDB. So here we have the suit filed precisely on the Pi Target […]
It is still a little chilly – only going up to 70 here (21c). But at least I am not shoveling snow. Just couldn’t handle all that Global Warming up North
The Blue Wave that the Democrats have been cheering is not impressive in the least. Everything appears to be within the projected parameters, but we are currently at 47% in the Senate. This suggests that we may not elect the Bearish Reversal. This warns that we have not yet broken down the political system […]
Friedrich Merz is the anti-Merkel who is standing for election in December to replace her as head of the CDU. Merz is also chairman of Blackrock there in Germany. He has been a German lawyer and politician of the center-right Christian Democratic Union (CDU). He served as a Member of the European Parliament 1989–1994, a […]
