What is getting really interesting is just how desperate many in Washington seem to be about Trump. It seems they are really concerned that he will cut off the gravy train in Washington. Even the Republicans hoped they could train him, fearing that his ban on lobbying for five years could be a deathblow to […]
President of China Xi Jinping made a statement last year that has sparked a number of comments over the past few months. Xi Jinping said: “The world is on the verge of radical change. We see that the European Union is gradually falling apart, how the US economy is crashing, and that all this will […]
Although the Asian cash markets were reasonably strong today we did see a slight wobble in the Shanghai index. Japan cash closed +0.35% and Hang Seng even better at +0.85% but China’s main index closed down -0.8% all in relatively low volume day. However, this was ahead Trump’s first major press conference. Most of the […]
QUESTION: Dear Mr. Armstrong: I have been to the Orlando conference and probably read every single one of your blogs since about a year ago and now wanted to ask you about Bitcoin and/or other alternative currencies. If I am not mistaken, this topic is not something that you have really touched upon. Recent spike in […]
QUESTION: Marty; I invested in your Deutsche Bank hedge fund and the performance was about 3 times that of even the Renaissance’s Medallion fund. Your employees said for the public fund you closed positions early because you were making too much in 1998. Yet that was still about 3 times what Medallion produced in 1998. Medallion is closed […]
Trump has broken his word and is by no means draining the swamp — he is filling it. He has really betrayed a lot of people by his nomination of Gary D. Cohn as Director of the National Economic Council, which is a policy-making position for domestic and international economic issues. The one legal firm in New York […]
After the holiday in Japan yesterday the JPY resumed its strong recovery and with it saw a decline in the Nikkei. The yen traded close to the 115 handle whilst the Nikkei lost 0.8% on the day. Concerns are still that the DOW continues to reject the 20k level and is having a psychological effect […]
The famous Redwood tree tunnel fell during one of California’s worst storms and caused massive flooding. I walked through this tree when I was a kid. I couldn’t find the family photo of that event, so you are spared this time. This flooding has been massive, but it is a typical precursor to big earthquakes. One theory […]
QUESTION: I wonder if you might clear something up regarding the fabled corporate cash hoard parked overseas? Must this be held in non-USD form thus taking an FX risk,albeit presumably hedged? I gather any USD parked in a foreign bank is immediately transferred to a US bank, likely in NYC — would this be regarded as repatriation? I […]
Angela Merkel and her party remain clueless about the economic history of Germany which has been made apparent through her insistence upon austerity that is tearing the EU apart at the seams. This is like blaming Trump for Hillary’s loss. Merkel’s belief that the quantity of money is the cause of inflation has been proven […]
