QUESTION: Mr. Armstrong; You have repeatedly said that the USA wants a lower dollar while Europe thinks a strong currency is better. You said the dollar would decline first into 2018. That seems to be spot on. After Treasury Secretary Steven Mnuchin statement that a weaker dollar is best for USA, the dollar sold off. Why […]
It certainly felt as though Asia was keen to hear what the ECB has in store before making its next move. With most core markets closing weaker many were hoping the ECB would result in their relief. The Nikkei closed down over 1% but then the Yen did appreciate 0.5% in Tokyo trading. As expected, […]
COMMENT: Hi Martin: Thanks for the great conference in November–I really enjoyed it. I thought you might want to use this quote some time, which would well relate to the present FBI scandal. It comes from Wm. Penn, whose “Some Fruits of Solitude” is included in Book 1 of the Harvard Classics Five Foot Shelf of […]
Robert Mueller’s investigation has climbed all the way up to Donald Trump himself. He is now demanding to interrogate Trump under oath in hopes of getting him on a perjury charge as he desperately tries to take him down on an obstruction of justice charge chalking one up for the Bureaucrats he has been protecting. When Hillary […]
QUESTION: At the Institutional WEC session in 2016, you forecast that rates would rise but that the long-end would produce a positive yield for the next two years at least. Are we coming to an end of that forecast? ANSWER: The new Institutional service is being expanded currently. Our hedging model positions have been added […]
QUESTION: You have mentioned that the US maintained a two-tier monetary system with trade dollars during the 19th century. Did Britain ever do the same or was the fact that Britain was the financial capital so they were exempt? Thank you for the help and education. DL ANSWER: When Elizabeth I (1558-1603) was on the […]
COMMENT: Dear Mr. Armstrong, I want to thank you for the great advice some months back, “Do not short this market”, I took your advice. I day trade, and other experienced Traders, with over 30 years experience, recommended I shorting the DOW, Swing Trades, I did not short the markets. Their positions were eventually stopped out […]
The conservatives are going nuts about raising the debt ceiling as if this really matters. They claim: “The United States is effectively bankrupt, but that doesn’t matter to the GOP. Once evangelists of fiscal responsibility and scourges of deficit spending, Republicans today glory in spilling red ink. The national debt is now $20.6 trillion, greater than […]
A 7.9 earthquake just struck off the coast of Alaska. There have been 12 major earthquakes greater than 7.0 since 1906. The 1964 earthquake was one of the biggest ever in North America measuring 9.2. The real significance of this event today is the fact that the Ring of Fire in the Pacific has 10 […]
Asian markets responded better than US cash did upon the news of settlement between the US House of Representatives and the Senate. The BOJ keeps rates unchanged certainly eased some concerns, but even that news did not spur too much reaction with the Yen/USD exchange rate. The Nikkei closed over the 24k level and is […]
