Many in the market were waiting to hear a response from China today, after the escalation by the US in trade tariffs. However, given their noticeable absence has provided a huge relief for markets and so we saw yesterdays decline reversed. An impressive 2.2% bounce proved wide spread and especially creditworthy when we see that […]
Nicaragua is in crisis and keeps spiraling toward a much more profound bloodier conflict and revolution. President Daniel Ortega is fighting intensely against the rising civil unrest and has lost control of the streets. We are witnessing how “confidence” is the most critical factor in holding governments in power. Once the people lose that confidence in […]
Perhaps the most interesting observation of how Trump handles negotiations is that he approaches them as a businessman rather than a politician. He certainly does not play nicely or puts on the pretense that everything is wonderful in the land of politics. Indeed, NATO officials were on edge and nervously welcomed President Trump who arrived […]
QUESTION: What is your understanding of the term “Deep State”? Do you think there’s a deep state as it is referred to in the media today? I have come to understand a deep state as meaning the permanent global institutions that are on their directed agenda irrespective of its citizens or their political leaders agendas. […]
QUESTION: Do you think that the central bankers influence has triggered a massive shift in the world order? Do you think the IMF and the BIS have gone beyond their mandates? Are central bankers directing the flow of money without any checks or balances? Do you also think that there is an open door between […]
QUESTION: You said that if you owe taxes the government can deny you a passport? I never heard that one. ANSWER: Oh yes. This has been in place for several years. The Wall Street Journal just reported that “at least 362,000” Americans will be unable to renew their passports because of back tax bills. […]
Stockton California, which was previously one of the bankrupt cities, will now become the first in the country to participate in a test of Universal Basic Income. Stockton will give 100 residents $500 a month for 18 months, with no strings attached. This idea is really braindead. You cannot pay people not to work which […]
Asian markets focused in Wall Streets rally and especially as trade concerns appeared to have faded for now. We saw another solid day for Shanghai (+0.5%) but sadly the Hang Seng was unable to join the party. It looks as though the tech sector is failing the HSI, but then it has been the star […]
QUESTION: Mr. Armstrong, I thought you would be wrong on the pound. I will yield to your forecasts. I do not know how you do it forecasting so many things around the world and getting them right no less. Reading between the lines who have written, on the one hand, you have said that Brexit […]
COMMENT: Dear Mr. Armstrong, The weather, politics, and life in general is getting a little more skewed month by month on the planet—and like everyone else in history who has experienced cyclical highs and lows, I sure wish I’d been able to skip this cycle altogether— I’m 64 and really trying to keep realistic and not […]
