The rumors running around is that Turkey will default as Erdogan decides to move to align with Iran and Russia and leave the West behind. While there have been speculative attacks on the Turkish economy and US tariffs and sanctions have been detrimental, the initial causes of this growing monetary problem are really all internal. Erdogan’s management of […]
Similar to yesterdays session, many had expected a stronger Asian opening than we saw, following fresh historic highs, but sentiment failed to follow through. Even though core indices opened stronger, through the day they tended to decline through the lack of volume and commitment. The Hang Seng did perform better than Shanghai but by the […]
A number of people have written in that they enjoyed the phrase I made up that we are like a pebble at the bottom of the ocean with no clue what lies above our heads. I have stressed that our computer correlated volcanoes with the decline in solar sunspot activity. What has also been […]
Violent protests by thousands of right and left political persuasions in downtown Chemnitz, Germany have resulted in at least two people being injured Monday night. For two days now a spontaneous demonstration after the deadly stab wounds on a 35-year-old German at the Chemnitz City Festival was done by migrants. The frustration over the Refugee Crisis […]
QUESTION: Mr. Armstrong; I read your Mayan report and it was fascinating. Do you think that these strange anomalies of places that are cool experiencing hot summers and where it should be hot have been getting cool are a prelude to climate change that may be the preparation for the flipping of the poles? EK ANSWER: […]
New fresh highs established in the US helped drive sentiment in todays Asian trading. However, this was not to last and most core indices tended to drift lower for the remainder of the day. The Shanghai index actually spent much of its day trading in negative territory. The PBOC also set mid point for the […]
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QUESTION: Dear Mr. Armstrong, Zimbabwe is just coming out of a very hard time. Their currency is not (at least to my knowledge) recognised internationally. What advice would you give to the Government as they try to sort out this situation? Would you consider advising them on the way forward so that they do not make […]
The Pension Crisis is starting to be noticed in Europe. The German Finance Minister Olaf Scholz is arguing that the federal government has to guarantee the pension level until 2040. He is arguing that the government MUST come up with a plausible financing model which seems actually impossible. The increase in taxes to cover pension that […]
While in the US some people have discovered that running a YouTube Channel can get you in trouble with the law. One many found himself in Georgia with being charged with running a business without a license even though he was not selling anything just offering his opinion. Of course, there are two licensing options […]
