The results of the Italian election is just starting to sink in. The rise of comedian Beppo Grillo to Italy’s most successful politician, who won 32.7% of the popular voted compared to Merkel winning 32.8% in the German election. Following the election on March 4th, Grillo’s “five-star” party took by far the first place. […]
QUESTION: Mr. Armstrong; It is obvious that you have indeed been behind the curtain for your knowledge of even global politics is amazing. Kim Jong Un is here in Beijing. You said he would back down. You said the risk of war lies in the Middle East, not Korea. Your model calls the markets. You […]
QUESTION: Mr. Armstrong; It appears that now the Bundesbank has adopted your view of rising interest rates. How fast do you see rates rising? PY ANSWER: Yes, the Bundesbank President Jens Weidmann has come out and warned that banks should start to make provisions for interest rate risks associated with rising interest rates. The normalization of the […]
One day soon, the world will suddenly discover that the European Project is authoritarian because they believe the people are stupid and politicians know better. When that day dawns, the crisis in Europe will erupt in total shock and this will undermine the entire economy which has rapidly fallen to even behind China. At the […]
QUESTION: The Fed says it will raise rates two or three times more this year. My question is this: If the stock market is crashing, why are they still raising rates? HW ANSWER: The Fed is raising rates because they must be NORMALIZED given the pension crisis. They are trying to get them back up […]
Asia opened weak but the trend change came not long after the opening for many markets. The screens and pages over the weekend were predictably full of the talk of possible US-China trade wars with everyone predicting the worst. News that South Korea may avoid steel tariffs rescued many markets and probably led by the […]
Private Blog The Dow for the week of 03/26/2018
Private Blog – Silver for the Close of March
The Spanish government has shown to the entire world that it denies human rights and has absolutely no democratic principles whatsoever. The next step is for the pretend elected government to declare a perpetual state of emergency and suspend all elections nationwide to complete what is rapidly becoming a dictatorship. Thousands in Catalonia have […]
While Trump is being portrayed and the insane President hellbent on destroying world trade, the truth is the tariffs on steel and aluminum account for 0.2% of GDP or just 2% of actual trade flows of $2.4 trillion. On top of that, every president at least since Jimmy Carter has imposed protectionist tariffs on some […]
