The Federal Reserve raising the 25bp was pretty much expected throughout, with a few possible outlier exceptions. However, it was not really the hike that spooked markets, but that they had built-in so much belief that the no change in hiking rhetoric they was expecting. This is probably why markets are reacting so violently, as […]
QUESTION: Marty I read your daily newsletters as the only source of real news ‘out there’ Fascinated by the report that Canadians are discovering thickening ice cover How do I convince reporters for the much respected ‘Wired’ magazine and the Popular Mechanics website that their constant refrain of ice melts, rising sea levels et al is […]
The European refugee issue just will not go away no matter how hard the politicians try to cover-up their mistakes. Now Charles Michel, the Belgian Prime Minister, resigned on Tuesday after his government collapsed in the face of opposition to his signing of a UN migration pact. Michel found himself abandoned after he lost the support of […]
QUESTION: Mr. Armstrong: I have watched in amazement how you connect all these elements. Everyone I spoke to agreed this was your best WEC ever. You have said the Fed needed to raise rates because of the pension crisis and it would have nothing to do with inflation but it has to normalize rates to help […]
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Another volatile session for US markets, but then we should expect it now that there are fewer and fewer houses running positions. The break of the psychological $50 price level in WTI oil yesterday, was one of the key reasons given for today Asian weakness. Shanghai closed the session down a little over 1% and […]
It really is very astonishing how brain-dead politicians are. The latest stats are showing that residents are increasingly fleeing New York, Los Angeles, and Chicago. The perpetually rising taxes are just getting insane. We just received this notice ourselves about taxes due in California. Apparently, they must have subpoenaed Amazon to see who has merchandise they are storing […]
QUESTION: Hi Mr. Armstrong, Quick question for you, as someone who grew up in Quebec in the 90’s, when Quebec was voting to separate. And now living in Alberta, and seeing the sheer anger here towards Canada, is there a legitimate chance Alberta moves towards the path of separation and actually brings it to a vote? […]
The Canadian Coast Guard is reporting that the Atlantic Ice in Canada is increasing. The extreme cold temperatures and the high winds have been combining to expand the Arctic ice this year. There is a natural cycle to this and they have reported that the seasonal “freeze up” is occurring three to four weeks ahead […]