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 […]
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. […]
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 […]
The Trump was preparing for at least a weekend-long partial government shutdown Friday night, expressing little confidence that Congress could pass a bill by the midnight deadline to keep the government open. Trump canceled a scheduled trip to his Palm Beach resort on Friday as he met with the top Senate Democrat to try to […]
Palace of the Doge Venice QUESTION: In your study of history, would you agree with this quote? “In all of history, no government became more honest, less corrupt, or respected its citizen’s rights more as it grew in size. ANSWER: I would have to agree. The only exception to that of Genoa, but it was […]
QUESTION: Martin.. I have been trading /investing for over 20 plus years. How can one be in the markets and survive if the “biggest Safest Banks” in Canada are failing even today to not only fill a trade or give you a reliable quote but even to even give you an accurate account balance! ANSWER: This […]
The Nikkei reached another 26yr high in early trading, but unfortunately closed down on the day. Ending the day down -0.4% even with the Yen trading lower also (111.20 last seen). Financials and real-estate led the market lower in the afternoon session. Worth a quick mention is that TOPIX lost -0.7% on the day having […]
COMMENT: I watched the Forecaster after ordering the DVD from Amazon. Aside from the fact that it brought tears to my and my wife’s eyes, your forecasts on this year being exceptionally cold, your forecast of Brexit, Trump, the Dow and countless other things, it is not hard to see why the government wanted your […]
COMMENT: Sir, It’s interesting, since your post on Madagascar and the pneumonic plague, I have Surveilled a site dealing with medical news once a week. What’s really interesting is the resurgence of older well-known entities such as cholera Zambia has been hard hit with over 2000 cases of cholera with close to 50 deaths. The university […]
The most devastating plagues in history have been created by migration. There were warnings in the form of rumors that told of a great plague in China and India which killed most of the populations there. The plague made its way to Europe when the Kipchak forces were besieging the Genoese trading post in the Crimea. […]
