Our European Tour this season has been very enlightening including meetings with politicians, corporations and many of the top banks. The concern centers around the ECB having to change policy with regard to negative interest rates. The net result has been to create massive hoarding of cash rather than spending cash for the sake of […]
In picturesque Australia, the Queensland police are proposing new laws that would allow them to turn your internet connected products into listening devices to spy on your conversations. Of course, they are claiming they need this legislation to fight terrorism. The extent of terrorism in Australia has been minimal at best and it has not […]
The NSA is also in bed with major corporations and the idea of defending the economy has turned into defending corporations. In the “Quadrennial Intelligence Community Review Final Report” published by the US Office of the Director of National Intelligence (DNI) in April 2009, the report recommended that the US intelligence services should put “a multi-pronged, […]
The European Commission is close to triggering Article 7 on Poland for refusing to accept refugees. Article 7 is called the “nuclear option” that denies a member the right to vote. The Commission is reported to be preparing infringement proceedings against Warsaw for breaching EU law over its plans to bring the judiciary under government […]
The Russian sanctions being pushed by Congress demonstrates the most unprofessional comprehension of how to manage an economy I have ever seen. These sanctions are effectively economic war and will find that Europe will be forced to side with Russia. This is all because of the press like CNN. To get ratings they are indeed […]
A weak market close for most of the Asian indices today but saw the KOPSI and ASX off around 1.55% the pair. The Nikkei gave up another 0.6% as the yen trade back to the mid 110’s. With Shanghai the only core that closed positive even the Hang Seng fell -0.6%. The sell-off was broad based […]
QUESTION: Mr. Armstrong; You commented briefly when you stepped off the stage at the door that the likelihood of war between France and Germany would rise again but not until 2032. Might you elaborate on that for a moment please. KD ANSWER: In modern times, there have been three times that war between France and […]
QUESTION: Mr. Armstrong; Thank you for coming to Frankfurt. Nobody gets that big of an audience here ever. What you illustrate with the three faces of inflation means that the Phillips Curve no longer functions. Was this something like Kondratieff’s Wave that it was based upon a period that is outdated? Thank you once again. […]
The Nikkei managed to reverse the majority of the days trend with an eventual positive close. It was not that great (+0.15%) but a positive close none the less and as the yen played just under the 112 handle, this helped the move at the close. The FED played its part initially but as the […]
Bikini Atoll 70 years after nuclear tests is thriving. On July 24, 1946 Baker Test shrouded its formidable height over the U.S. Navy’s test fleet. The United States dropped 23 nuclear bombs on the island, including a device in 1954 that was 1,100-times larger than the Hiroshima atom bomb. Now a team of scientists from Stanford University have been stunned. […]
