Most of yesterdays gains were reversed today as early currency performance tended to replace equities. Selling in the Nikkei ahead of year end was somewhat counterbalanced by the Yen’s 1% appreciation. Selling of auto’s, industrials and steel producers weighed on the Nikkei which also led to renewed buying of JGB’s. In late US trading the […]
The hoard of Athenian Owl tetradrachms has revealed something incredibly important. The seminal work of Chester Starr (Athenian Coinage) identified five groups of designs covering the period 480-407BC. While Starr examined known coins in museums and collections, he did show photographs and attributed them to a declining quality of execution based upon the fact that […]
The next two years will do more to undermine the trust, confidence, and faith in government as the Democrats launch their political agenda to try to smear Trump for the 2020 Presidential election. It is all about them just winning in 2020 and to hell with the government, the nation, or the people. The Democrats […]
QUESTION: Mr. Armstrong; You are a personal friend of the royal family of Qatar. Would you care to share your inside knowledge of Qatar leaving OPEC? KR ANSWER: Just for the record, I was a friend of Sheikh Saud bin Mohammed al-Thani who was a member of the Royal family of Qatar. We were probably the two biggest collectors […]
COMMENT: My sister lives in Chicago. She is looking to leave finally. She told me there is a 9% tax on any amusement like Netflix or PlayStation for her son. You are right. They keep finding things to tax rather than address the problem. This cannot be maintained forever. OT REPLY: This is what happens. […]
The key weekend headline for all markets was the agreement between China and the USA on a temporary suspension of further trade tariffs. Although this is only for a period of 90-days, it does offer an ease of tension which will be much enjoyed by the markets. Almost all core Asian indices opened around 2% […]
PRIVATE BLOG – The Fate of the US Share Market is Tied to Europe Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. https://ask-socrates.com/
The austerity measures of the EU are having a profound impact in Europe. In Paris on December 1st, 2018 (right on time with our volatility models for December) there was a major civil uprising, the worst France has witnessed in recent decades. Yellow Vests movement is named after fluorescent jackets kept in all vehicles in […]
Woolly Rhinoceros Climate Change has existed throughout the history of our planet. When a Woolly Rhino was discovered frozen in Siberia intact back in 1774, that is the event that shook the scientific community. I have called this the Clash between Catastrophe and Uniformity which has produced an emotional issue corrupting scientific research for centuries as […]
