Martin Selmayr, nicknamed “the Monster” by colleagues because of his fearsome reputation, has become the new European Commission Director General – the man in charge of the European Commission. He has been one of Brussels’ most controversial EU officials and he was unexpectedly put in charge of the entire EU civil service. Selmayr, who was chief […]
Mario Draghi is by no means going to stop his Quantitative Easing program. All my sources behind the curtain express fear what will happen when Draghi leaves. Who will buy the government debt and who will keep subsidizing the governments of the Eurozone? Draghi has not merely declined to end Quantitative Easing, he has […]
The SENSEX was the star performer in Asia today against what looked like a sea of red boards. The SENSEX closed up over +0.5% on the day completing its sixth positive close in a row. Optimism buoyed the market ahead of industrial production and inflation data releases. Solid earnings optimism is supporting prices with good […]
There have been persistent rumblings behind the curtain that the ECB has been “frowning” on anyone taking short positions on the Euro. They have already outlawed shorting government bonds and they are trying to wrestle the market in the Euro from London to bring it within their power and control. Up until now, they have […]
QUESTION: Mr. Armstrong; I find it amazing that you were the only analyst I found who consistently called the bull market in the Dow until January. You have forecast even weather. You have so many correct forecasts there is nobody who even comes close. Then there is your War Cycle that turned up in 2014. […]
The US did lose around a third of its gains in the final hour of trading Tuesday, but it still closed strong. It was that confidence that carried some of the markets in Asia forward but there were some that were not convinced. The Australian ASX, SENSEX and Nikkei looked hesitant and took time to […]
Robert Mueller’s team members are the people who destroyed Arthur Anderson. When the firm finally got to the Supreme Court, they overruled Mueller’s team for what they had done was unconstitutional. Well, they are back at it. This is what is wrong with our legal system. Prosecutors act with immunity and can do whatever they want FIRST […]
Back in 2011, the Italian government under Mario Montis instituted a pension reform deciding the Fonero right. Italy had to impose this reform to reduce its debt to comply with the Maschrict Treaty. The Social Affairs Minister Elsa Fonero, increased in the retirement age completely abolishing early retirement and eliminated indexing pensions to inflation above a threshold income level. […]
QUESTION: Mr. Armstrong; A friend of mine worked for the central bank back in the nineties and he gave me a copy of this chart you provided to Italy on your recommendation not to enter the euro on the present terms back then. He said you were the only one with a database and nobody […]
Todays comments from China president, Xi Jinping that China was willing to open its markets, soon lent equities a helping hand. From a lower core opening, it was not long before all started to move from strength to strength. Shanghai and the Hang Seng reacted most to the speech and saw returns of around 1.75% […]
