All posts in "News"

Vertical Market are the Most Difficult to Trade Even With 30 Years Experience

January 24, 2018

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 […]

Can We Stop the Government Borrowing & Just Print Without Inflation?

January 24, 2018

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 […]

Alaska Hit by 7.9 Earthquake – The Start of a more Active Period lies Ahead

January 23, 2018

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 […]

Market Talk- January 23, 2018

January 23, 2018

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 […]

Quantity Theory of Money (QTM) & Its Failure

January 23, 2018

QUESTION: I am most interested in your revisionist view of QTM. You debunk QTM frequently within broader topic discussions, but I’d love for you to address QTM by itself in a historical context. Perhaps starting with the Austrian darling, Henry Thornton, and his “An enquiry into the nature and effects of the paper credit of Great […]

The Ban on issued Coins that Commemorated Waterloo

January 23, 2018

QUESTION: Wrote said that under the EU organization, the French insisted there would be a prohibition against issuing any coin that commemorated Waterloo. Can you elaborate on that? I never heard of that clause before. ANSWER: Yes, and Belgium defied the rule by issuing a commemorative 2.5 euro coin that was NOT for general circulation. It was […]

Refugee Migration Will Keep Wages Suppressed in Europe

January 23, 2018

QUESTION: Mr. Armstrong; Here in Germany, one obvious consequence of the refugee migration has been that wages are declining for low-end jobs. I believe you had said that would be a consequence of the refugee crisis. Do you see this spreading throughout Europe? KS ANSWER: It is only common sense that if you increase the labor […]

Market Talk- January 22, 2018

January 22, 2018

We opened the week with a quiet, low volume Monday but with plenty of central bank activity scheduled to look forward to. Given the US shutdown started midnight Friday, the news over the weekend appears to be somewhat muted, but unless it continues for a longer period it is unlikely to have economic consequences. The […]

Central Bank Reserves – The Rise of the Yuan

January 22, 2018

QUESTION: Mr. Armstrong; I understand that your model shows that China will become the dominant economy post-2032. The IMF added the yuan to their SDR basket. Are central banks starting to use the yuan in reserves in a major way yet? KD ANSWER: Yes. The ECB (European Central Bank) converted a half-billion euros to yuan. […]

Why the Dollar is the Mainstay of the World Economy

January 22, 2018

QUESTION: A friend told me the one pound coins I have from a trip to Britain last year were canceled. How can a government simply cancel its money? KL ANSWER: Oh yes. Britain canceled the one pound coins last October. They estimated that £400-450 million pounds became worthless overnight. Europeans routinely cancel their currency. This […]

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