Erdogan has his boys dressed in suits burning only a handful of US ONE DOLLAR bills as a nice propaganda piece. In truth, the Turkish people have been hoarding Dollars and Euros because they have lost all faith in their own currency. It is nice that Erdogan has a few people burning less than $100 for […]
PRIVATE BOG – Dow Jones Industrials for the Week of August 20th, 2018 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/
QUESTION: Mr. Armstrong, It seems that the conservatives have split into two parties here. It is the same nonsense that they pulled to overthrow Margaret Thatcher. I really do not understand why they think we have to be part of the EU which is so obviously a sinking ship. As we always said here, when […]
There are three distinct types of inflation – Demand, Asset & Currency. The major type of inflation that everyone assumes is DEMAND. This unfolds when there is actually an economic boom and people have confidence in the economy. Asset Inflation is when there is no real demand from the consumer but the asset values rise […]
PRIVATE BOG – Dow Jones Industrials for the Close of August 17th, 2018 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/
Although we saw some small relief bounces in Asia, there are still many questions left unanswered. The Nikkei managed a 0.35% recovery, which was pretty much where it [played all day. The Yen is still acting as a store for safety and in late US trading we see it edging in the low 110’s, possibly […]
The key to understanding Turkey is really simple – Erdogan has lost the confidence of his people and the world. The free-fall in the Turkish lira should be no surprise. After years of rampant dollar borrowing, running large current account deficits due to having to import military hardware combined with the lack of domestic oil production, throw in an […]
California has joined the states with not just the highest taxes in America, but it has become one of those states that people are just leaving resulting i9n a net outward-migration. There is a logical consequence when a state becomes a place people are trying to flee from – real estate MUST decline in value. […]
The uncertainty seen in US markets shook Asian indices with all markets opening lower. Fortunately, these proved to be the days lows and most markets rallied from there. The Nikkei even managed to move positive and remained around there for the whole afternoon trading. The Yen traded back to 111 handle, but was to regain […]
President Recep Tayyip Erdogan of Turkey is finding his dreams of an all-powerful resurrection of the Ottoman Empire are falling apart. Qatar has come to the aid of Turkey offering $15 billion in a loan, but keep in mind that the entire issue with Syria began with Qatar proposing a pipeline through Syria to compete with natural […]
