The energy price rally was again the reason given for positive equity markets around the world and Asia benefited also. The Hang Seng (+0.9%) performed the best, but only just edging out the +0.8% rally seen in the KOPSI index. Retail tech and financials helped the run, whilst currency movements also play their part. The […]
Yellowstone Supervolcano geyser Steamboat has been unusually active. Many fear that something strange is happening which may signal it is getting active once again under Yellowstone National Park. Steamboat is indeed the world’s largest geyser and it has erupted three times in just six weeks. Many people have been asking if we ran our models […]
They are calling it the “Big Chill” because we have just had two years of really Global Cooling. The NASA data has shown that the last two years have been the most dramatic two-year cooling event of the last century. Ever since the ECN turned down 2015.75, we have had colder weather and rising interest […]
Asian markets were in two minds whether to follow energy prices or industrial metals after the news from Washington yesterday. The Nikkei (-0.4%) interpreted it as negative and hit stocks from the opening bell, but did not really go anywhere from then onward. The JPY has resumed its downward trend and is this evening flirting […]
QUESTION: If governments have been borrowing without limit since world war 2, are you saying that there is some line that is cross in debt to GDP that results in default? Thank you JU ANSWER: No. The debt to GDP ratio is interesting. The USA is at about 103% and China is at 250%. […]
QUESTION: Why are long-term yields on risky European debt below that of US Treasuries? Is this the European bubble madness? HN, Frankfurt ANSWER: This is unquestionably a bubble, but the buyer has been the ECB (European Central Bank). Yields on risky European bonds have been driven below the yields of long-dated US securities. The financial system […]
QUESTION: Mr. Armstrong, I believe you mentioned at one of the conferences that the Chinese dragged a member of their high court out into the square and set him on fire in his judicial robs. Am I correct in that statement? When was that exactly? MS ANSWER: You are not far off. Zang Tang (? – […]
QUESTION: Thanks for the update. So it looks like the Vertical Market in the Dow will extend into the end of this cycle 2032 as you warned it could do. Correct? EK ANSWER: It appears to be shaping up that way. The consolidation has been shallow and nothing to get excited about. If the January […]
CLICK ON CHART It is amazing how people have simply declared that the dollar is in a perpetual bear market as if the USA is the only nation with a debt. They judge the entire future by a few weeks of price action. That is what is so dangerous – emotional trading. I have […]
Private Blog – The EURO – Has the Dollar Rally Begun?
