Having seen the US markets actions to the FED hike, we had a rather dull response in Asia which resulted in a mixed session. Tech and Real Estate pushed the Hang Seng down just over 1% through on-going data concerns, then also worries over increased funding costs. The Shanghai also fell -0.5% when the […]
Timing is everything. When an economy turns, big projects that looked like they were going to be winners suddenly lose big time. That was the case when a world tour had been planned for the world’s biggest airship, the Graf Zeppelin, in 1930 just months after the 1929 Crash. In May 1930, the Graf Zeppelin […]
QUESTION: I found your article on Noah and the flood interesting. However, are there any other sources in the West besides Gilgamesh that it seems many sites point to for the same reason? EY ANSWER: This story of Noah even appears on a Roman coin struck by Septimus Severus (193-211AD) long before Christianity became really […]
COMMENT: Mr. Armstrong; I just wanted to comment that I am from Venezuela. My father came here to visit me in Florida where I live with a Green Card. Everything he saved in life for his retirement is now worthless and it does not even pay to travel back to collect his pension. The hyperinflation […]
Core indices drifted lower today and possibly from the headline that the Central Bank continues to take steps towards opening its markets. Todays announcement that the domestic market will be open to foreign third party payment firms is another move towards internationalisation. Shanghai and Hang Seng closed with only small losses (-0.3% and -0.4% respectively), […]
Many in Germany are up-in-arms over the appointed by Chancellor Angela Merkel of Jörg Kukies who will become deputy finance minister in her new coalition government. Kukies will take over the responsibilities for financial markets and European policies at the Finance Ministry. Virtually every position in the key financial markets in Europe and American are all coming from […]
Bloomberg is reporting the fate of Christian Bittar who was the top trader at Deutsche Bank AG. He earned a bonus of $126 million in 2008 for betting that as the economy would melt down, banks would refuse to lend to each other until the dust settled so short-term rates would soar. While he is sitting now […]
Having seen a weak US session most Asian indices opened in the red. However, that was not to last and most recovered by the close. The SENSEX took less than an hour before it was trading positive whilst the ASX and Nikkei never actually managed a recovery. The key sector that has led the […]
QUESTION: Today most analysts think higher interest rates are on the way. If the majority is always wrong how does that play into the expectations for higher interest rates? HP ANSWER: With the Federal Reserve stating they must “normalize” interest rates since 2014, of course, the majority will view that will be the trend. We […]
QUESTION: Enjoyed your article on The Persian Gulf and climate change. In a related topic we did a field trip once to the South of Spain and saw whole cliff faces of gypsum at Sorbas near Almaria. This very thick layer of gypsum is evidence that the Mediterranean Sea had once totally dried up. One explanation is that […]
