The Nikkei had a poor start but finished better as did Shanghai. HSI closed a little lower (-0.3%) but well up from opening levels. Europe was the main talking point yet again today and with a healthy bounce in both currencies and equities; many people spoke of nothing else. After suffering two awful days, we […]
Rating Agencies Testify Before Congress for their AAA-Ratings after 2007 Standard & Poors downgraded United Kingdom (UK), which is comprised of England, Northern Ireland, Scotland, and Wales, from AAA to AA. This shows emotional and political bias rather than any substantial change in economics; they are making good on their political threats of 2015. S&P […]
A number of emails are coming in about how, even in a panic, the Reversal system held. The Dow crashed only within a two-day reaction. It elected the first minor Daily Bearish at 17434 on Friday. We saw the Dow fall to 17063 intraday and close at 17140.24 while holding the 17120 level. We warned […]
I previously reported on June 15, that Russia hacked Hillary’s emails. That is now starting to surface in the press, but naturally outside the USA where the press is more interested in attending her coronation. The notorious Bill, Hillary, and Chelsea Clinton Foundation was among the targets of Russian hackers. There is no question about […]
https://www.armstrongeconomics.com/wp-content/uploads/2016/06/Hollande.mp4
While Scottish politicians are very vocal about staying in the EU, they have really lost their minds. Their hatred for the Brits has clouded their intelligence to the point one must wonder if they even have a brain that can be turned on or if they are totally brain-dead. The greatest problem with the whole membership in […]
Sources are talking about desperate times in Brussels. The reaction in Brussels is never reform, but rather more draconian measures. A nine-page report exists discussing how the leaders of Germany, France, and Italy met in Berlin for BREXIT crisis talks. The solution? They want to shut down any democratic possibility of disagreement, as they know […]
While everyone is busy blaming the Brits, the real culprit is the EU. The audacity of various EU ministers demanding immediate withdraw is akin to a spouse who just discovered their partner was cheating. They may say beware of a woman scorned, well it looks like this applies to male politicians as well. The […]
QUESTION: Sir, Pondering the patterns that you have found in history, I have been mulling over the crossroads that lie in front of us in the next few years. You noted that sovereign debt crises occur about every 86 years or so. You also noted that civil disturbance goes hand in hand with those events. […]
Many comments and emails are pouring in that our model correctly forecast BREXIT years in advance. Here is the picture for the next big chaos period — the US Presidential Election in November. You can see that 3 out of 4 models show a Republican victory. Two of these show 60%+, which is unheard […]
