The end of the week, month and quarter for many so this weekend numbers will be very closely watched. the Nikkei recovered 0.6% but the currency probably found more conversation than stocks after it traded back to a 107 handle before climbing again in US trading hours. The encouraging news of talks between China and […]
QUESTION: How far back have you tested your Economic Confidence Model? GP ANSWER: To the start of recorded history. Each wave has been identified and numbered. It is very remarkable how history conforms cyclically to this frequency. It has been tested on every culture and empire from Asia to Europe. Here is a more […]
QUESTION: Mr. Armstrong; Do you advise the IMF or are they just taking your warnings and mimicking them? They are now telling everyone in Europe, not the United States, to create a crisis fund. Every Euro country should deposit 0.35% of its GDP there every year into this disaster fund. I find it curious that you are […]
QUESTION: You said that Kim Jung Un was at risk of being overthrown and therefore he would have to shift direction or go to war. When do you see North Korea falling? PP ANSWER: When Korea was split in 1945 into communist North against the South, the terrain has always dictated the situation. About 65% of Korea’s […]
The last couple of hours in US markets heavily influenced Asia’s opening despite signs of DOW futures stability. Technology was hit hardest and continues to lead much of the move around the globe. Shanghai was off around 1% at the open but then attempted a positive print. However, that was eventually rejected and closed […]
The results of the Italian election is just starting to sink in. The rise of comedian Beppo Grillo to Italy’s most successful politician, who won 32.7% of the popular voted compared to Merkel winning 32.8% in the German election. Following the election on March 4th, Grillo’s “five-star” party took by far the first place. […]
QUESTION: Mr. Armstrong; It is obvious that you have indeed been behind the curtain for your knowledge of even global politics is amazing. Kim Jong Un is here in Beijing. You said he would back down. You said the risk of war lies in the Middle East, not Korea. Your model calls the markets. You […]
QUESTION: Mr. Armstrong; It appears that now the Bundesbank has adopted your view of rising interest rates. How fast do you see rates rising? PY ANSWER: Yes, the Bundesbank President Jens Weidmann has come out and warned that banks should start to make provisions for interest rate risks associated with rising interest rates. The normalization of the […]
One day soon, the world will suddenly discover that the European Project is authoritarian because they believe the people are stupid and politicians know better. When that day dawns, the crisis in Europe will erupt in total shock and this will undermine the entire economy which has rapidly fallen to even behind China. At the […]
QUESTION: The Fed says it will raise rates two or three times more this year. My question is this: If the stock market is crashing, why are they still raising rates? HW ANSWER: The Fed is raising rates because they must be NORMALIZED given the pension crisis. They are trying to get them back up […]
