QUESTION: Dear Mr. Armstrong Why do you always use the Dow Jones Index? It seems to have the least logical construction of the major indices. Why not use the S&P500? Many thanks for your informative and thought-provoking blog, G ANSWER: Each index offers a completely different perspective. The Dow Jones Industrials is the “big” money. […]
QUESTION: You have said that all we have are politicians, not statesmen. What is your definition of a statesman? GD ANSWER: A statesman is one who admits when he has made a mistake and has the wisdom to correct it before it does any more harm. This is the same quality required to be a successful […]
The Hunt for Taxes is now creating a crisis in healthcare in Britain. The UK government is gearing up for a massive tax clampdown targeting private sector contractors. The UK Treasury estimates in its budget that this taxing of private contractors in healthcare will create £185m in new taxes for the year 2017/18. This is known as […]
The tax reform bill passing the US House yesterday certainly added to sentiment, after great earnings releases for markets but Asia need more help for cash today. Having opened strong all core markets then drifted and even saw the Nikkei trade negative. For the week it closes down 1.3% which has broken a two […]
QUESTION: Mr. Armstrong; All the news here in Britain is always how bad it will be if we leave the extortion ring in Brussels. You have mentioned that we are the biggest market for German cars. What will Brexit do to the EU? Thanks GD ANSWER: Once the British exit from the EU “extortion” ring as […]
Thanks to a string of screw-ups and bugs, an unsuspecting developer recently took possession of an estimated $US390 million worth of the Ethereum cryptocurrency by accident. In an attempt to give back the money, however, the guy ended up locking up the funds permanently. Essentially, the money has just evaporated. It turns out that hackers started […]
Interesting that the Yen saw only minimal inbound traffic on Wednesday’s equity sell-off and today is still little changed with a stock rally! Admittedly, volumes are a shadow of what they used to be some years back, but just demonstrates how the game has changed. There is still plenty of money sitting on the […]
Leonardo da Vinci’s 500-year-old painting known as Salvator Mundi (Saviour of the World) is the only work in private hands. It just sold at Christie’s auction room in New York for a record $450m – almost half-billion. The painting apparently once belonged to King Charles I of England back in the 1600s. The last time […]
COMMENT: Mr. Armstrong; First I want to say I greatly admire your work. You are unbiased with markets, politics, and religion. Your cycle which targets 2032, agrees with the Islamic cycle some call the cycle of power which will peak. According to the Quran, there is a cycle of power, and this is mentioned in chapter […]
Subtly, the EU is looking to establish preparations for the coming banking crisis and how to protect the banks from massive withdrawals. The solution? The EU wants to be able to temporarily free up credits for the banks and at the same time to freeze bank deposits, In other words, like Greece, you just won’t be able […]
