In the movie The Forecaster, I explained that they got Yeltsin to take money from the IMF loans and then they steered that wire through the Bank of New York. As soon as that wire hit, Republic National Bank and Edmond Safra, who was the MAJORITY shareholder of Hermitage Capital at that time, ran to […]
The China/US Trade Talks headline obviously spooked both Shanghai and the Hang Seng indices and we saw nervous selling of stock. Shanghai was hit most closing down -1.8% after having seen a positive opening move. However, the tariffs hit today and even though they plan to talk the impact on sentiment is immediate. Prices traded […]
We have another volcano erupting in the Pacific and this time the entire island of Vanuatu island is being completely evacuated for a second time as its volcano erupts again. The Manaro Voui volcano began spewing ash in recent days, prompting officials to order thousands of residents on tiny Ambae island to leave immediately. All crops appear […]
European banks have been lending in the United States quiet aggressively because (1) the economy is doing good so there is a demand for loans contrary to Europe, and (2) the behind the curtain view that the euro will decline and the dollar will rise. During the first half of 2017, European banks have lent […]
In Bulgaria, a farmer had one sheep that died unexpectedly and another which grew sick but survived. Both animals returned negative test results for a disease known as ovine rinderpest. The Bulgarian Ministry of Agriculture, Food and Forestry slaughtered the entire herd and paid the farmer below replacement cost to save money for the […]
It was almost as though the longer they waited, the more complacent the markets were about the BOJ and the curve! The fears after last weeks rumours, were that the BOJ would start to step away from its rigorous JGB operation. However, after today announcement and comments, JGB 10yrs fell 4bp back to 0.06%. That […]
I have been warning that Global Warming is profitable for governments. They paid these academics $1 billion to come up with dire forecasts that ignore nature, cycles, and history, all to justify taxing people that will never actually impact anything nor balance their budgets. Canadian households in Alberta, Saskatchewan and Nova Scotia will be hit […]
The Independent reported that an EU Official said that Juncker used ‘‘brightly coloured, simple flashcards” to explain trade to Trump during the meeting. The EU official said ‘each card had at most three figures about a specific topic. While these remarks are deeply offensive, what they really reveal is how much EU officials prefer to promote […]
QUESTION: Mr. Armstrong, President Trump is claiming that he has come up with health care programs for employees that have lowered the cost below Obamacare. Do you think this is a true statement? Trump also claims he is coming up with even lower health care costs. Amazon, JPMorgan and Warren Buffet are creating healthcare services for […]
QUESTION: Mr. Armstrong, you obviously have a database on Italy that is without comparison. Nobody else even had a chart on the Italian lira you recently published on the blog. I know you are well aware of the revolutions in Italy and the history. I was wondering do you have any forecast for the next […]
