Another negative open today but fortunately was not to last! Although China’s GDP released lower than expected weekend book squaring and absolute levels helped revive values by the close, also helped by a little “authoritative” speech play . Growth came in at 6.5% YOY which was missed the 6.6% markets were looking for, but the […]
Michael Hastings was the journalist exposing the surveillance state. Hastings wrote about the investigation of reporters by the U.S. Department of Justice back in 2013. He said that the restrictions on the freedom of the press by the Obama administration were a “war” on journalism. He wrote his last story before he died in what may […]
QUESTION: Mr. Armstrong; You mentioned that the environment was the primary cause of the Greek Dark age between the Heroic and Hellenistic periods. Can you elaborate on that at all? Thank you. They do not seem to connect the dots as you say in school MG ANSWER: What is most interesting is the fact that they do not […]
The Sovereign Debt Crisis in China among the provisional governments is alive and well. The off-balance sheet government liabilities in the regions amounted to an estimated 40 trillion yuan which is almost $6 trillion. Some are calling this a “gigantic credit risk” which is a hidden liability. This represents 60% of GDP which bypasses the […]
A weak session for much of core Asia, with almost all markets falling from the opening. Sadly, it is China that leads the way adown again. Many are speculating that it is relation to the FED Minutes and their continued appetite to raise rates which pressures all currencies favouring the USD. The Shanghai index traded […]
COMMENT: I read your piece that parliamentary governments are far more dangerous than your American system because it allows minorities to gain the upper hand and rule a country. That is clearly the case here in Germany. Merkel does not have the majority yet she leads the country and Europe. Thank you for your in-depth analysis GH […]
The price of Western Canadian Select (WCS) crude dropped more than US$55 per barrel BELOW North American benchmark of West Texas Crude. The widening discount is evidence the commodity is illustrating how the environmentalists are really destroying the Canada economy. They are causing taxes to rise as social programs continue on an unsound footing and in […]
QUESTION: Mr. Armstrong; You have stated that you believe Kennedy was assassinated by the US Intelligence community. Given all this stuff with Comey, FBI, CIA, and NSA all conspiring against Trump, do you think that the real risk of interfering with our elections is not the Russians but closer to home? Is this a practice that […]
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We opened the day with Asia playing catch-up. All core markets opened firmer, but then the decline returned and we questioned if markets would even close up! Shanghai was a classic example of that today having opened strong. However, with an hour of trading was down around 2%, but then a last time buying spree […]
