The Global Market Watch (GMW) is PURELY an alert system. It is not intended to be a trading tool. It is simply an alert to allow you to see the entire world collectively and is only a pattern recognition model EXCLUSIVELY The last entry is dynamic and it will change during the course of that period (weekly […]
The main talking point in Asian trade today was the Hong Kong Dollar seeing another test of its upper band (7.85). The currency has been pegged between 7.75 and 7.85 since 1983 and has remained within that range since 1985. Today was the fifth time in three trading days that the HKMA (Hong Kong Monetary […]
I have been warning for years at the World Economic Conferences that interest expenditures will reach the point that they will crowd out everything else. Well at last, as we enter 2019 and the War Cycle heats up, interest expenditures will now EXCEED even military spending. Welcome to the SOVEREIGN DEBT CRISIS. I have also […]
QUESTION: BitCoin has crashed and it looks like it will never be what people dreamed as some replacement for the dollar. Are bubbles always involving some failed product? A dream that is just unrealistic like the Tulip bubble? JE ANSWER: No. There have been many, many, many “bubbles” throughout history. Some have been just crazy like […]
QUESTION: Mr. Armstrong; For the past two WEC events you have warned that the Sovereign Debt Crisis will strike first outside the USA and the rise in the dollar and US interest rates will push emerging markets into default. Since you also said that pension funds had rushed into emerging market debt to get higher […]
Konstantin Kosachev, the head of International Affairs for Russia’s Federal Assembly, publicly stated: “There can be only one political assessment: It is a blatant violation of international law and it is an attack on a sovereign state without proper grounds.” Strangely, he is correct. International Law under agreements in the United Nations does not justify an […]
Asia has been predominantly better bid but for the Shanghai index. Here we saw values drift in afternoon trading to close on its low (-0.6%). Trade numbers were surprisingly poor for China posting a near $5bn deficit. The Hang Seng dipped with it, but to be fair was plus or minus small all day. The […]
