QUESTION: Mr. Armstrong; You said other nations would follow Britain. It appears that Italy is doing so with their referendum. Is this correct? You are very famous in Germany by the way. Thank you. KG ANSWER: Yes. Prime Minister Matteo Renzi has said that a victory in the poll would end Italy’s questionable political system which […]
A weaker opening for the Nikkei was off-set by better than expect economic data (Machine Orders) by lunchtime. The majority of the afternoon trading was in the positive but eventually closed small down. Many are concerned that the JPY may attempt a summer break of the 100 level which has the tendency to weigh […]
There are so many incidents with the refugee crisis in Europe that the blog could be filled with that subject alone. Even the press in Germany is starting to shift after countless incidents from knife attacks to a gang beating and robbing British tourists in the same square in Cologne, Germany. Not to mention the media’s […]
QUESTION: What do you think of value investing? Bob ANSWER: As with everything, a cycle that you have to understand will unfold. Everything will move to extremes on both sides and you must understand the driving forces. Look at the PE Ratio. People write in and say I am wrong and the market must crash because […]
Consolidation was the name of the game in the morning session for Japan, which dealers were happy to see especially after yesterdays prestigious run. Hang Seng had a rather subdued day with very little change for them today. In Shanghai, once the market saw the unchanged CPI and the better than expected PPI, bulls […]
QUESTION: Mr. Armstrong, it appears to me that we are moving to the extreme in political correctness to the point it is creating children who can no longer rep the very benefits of civilization. Have you seen this latest insanity in Australia where children cannot even clap their hands? PD ANSWER: Yes, I agree. Placing […]
COMMENT: Dear Martin, you always claim that the costs for social security will become unpayable from 2017 onwards. In Germany we have health care system organized by the federal government / the federal state. The government now created a “turbo” to bankrupt this system: The government passed a law that allows them to take 1.5 billion […]
The Asian cash markets just could not wait to open this morning after the huge Payrolls number on Friday. Admittedly, it took a little time and a better than expected Trade Surplus number (52.31 v’s and estimated 47.6) for the Shanghai market to join the excitement, but they eventually did to close +0.9% firmer. The […]
QUESTION: Dear Marty, I understand your general message and totally agree with it. I now see the big picture in a systematic trend and everything moving in the direction Socrates has forecast. I do have a few questions though. Can we call the trend: the public sectors trend to swallow the private sector? In other words, […]
QUESTION: Mr. Armstrong; I recently read a book which claims that the disparity of wealth among nations is something recently unfolding post-Columbus. The thesis claims that before 1500, the income differences between nations were small. It proposes that only since the discovery of America, the interplay between geography, globalization, technological change, and economic policy has determined […]
