That has been the proposition that antiquities were being looted to fund terrorists. There really has been no direct evidence of any such terrorist market in antiquities. A long-awaited report by the World Customs Organisation (WCO) (WCO itr-2016-en) has finally emerged which focuses on the trafficking of cultural property for the first time. The claims have proven […]
If you were in any doubt what Asia thinks about the possibility of a trade war, you saw the answer today. All major indices lower with losses between 2% and Japan’s Nikkei -4.5%. The Yen saw the flight to quality and even this evening is trading with a 104 handle. Market looks to have […]
Private Blog – Dow Jones for the close of 03/23/2018
https://www.armstrongeconomics.com/wp-content/uploads/2016/02/Summers-Economy-Not-Predictable.mp4 COMMENT: I really do not know what it’s gonna take for you to get the Noble Price for something. Your computer is amazing. The market crashes the week of the 19th. Here in NYC we have been buried in snow and even CNN has reported we have never seen this much snow in 130 years. […]
QUESTION: Mr. Armstrong; I read your article of the whole issue of prostitution. The entire problem is that some western women assume that all prostitutes engage in the profession unwillingly. That is just so biased. What about the women who marry not for love but for money. They are not forced. When the Iron Curtain […]
Bloomberg has reported that dollar bulls are nearly extinct down to just 2.3 %. The majority, which is always wrong, are all focused on the nonsense of the budget and the current account deficits. The record high for the dollar was 1985 when even the British pound fell to $1.03. So the Balance of Payments […]
Having seen the US markets actions to the FED hike, we had a rather dull response in Asia which resulted in a mixed session. Tech and Real Estate pushed the Hang Seng down just over 1% through on-going data concerns, then also worries over increased funding costs. The Shanghai also fell -0.5% when the […]
Timing is everything. When an economy turns, big projects that looked like they were going to be winners suddenly lose big time. That was the case when a world tour had been planned for the world’s biggest airship, the Graf Zeppelin, in 1930 just months after the 1929 Crash. In May 1930, the Graf Zeppelin […]
QUESTION: I found your article on Noah and the flood interesting. However, are there any other sources in the West besides Gilgamesh that it seems many sites point to for the same reason? EY ANSWER: This story of Noah even appears on a Roman coin struck by Septimus Severus (193-211AD) long before Christianity became really […]
COMMENT: Mr. Armstrong; I just wanted to comment that I am from Venezuela. My father came here to visit me in Florida where I live with a Green Card. Everything he saved in life for his retirement is now worthless and it does not even pay to travel back to collect his pension. The hyperinflation […]
