Nervous markets again with US military positioning headlines for most of the session and that led to safety moves back into the JPY. Having broken the 111 handle early, next target was the 110 handle. Many did not expect the US trading hours to take it as far as it did (109.65 -1.1% last) levels […]
Socrates System and Billing Update Dear Socrates user, We are sending out this courtesy reminder regarding the launch of our brand new entry-level membership – the Standard Membership level (this replaces what used to be known as the Investor level). The new Standard Membership is now a monthly membership, billed at only $14.99 per month, […]
QUESTION: Mr. Armstrong; In Germany DWN wrote that Cohn of Goldman Sachs is in favor of returning Glass–Steagall. This seems strange. Do you have any insight? ANSWER: Very simple. Glass–Steagall was separating investment banking from banks. Goldman Sachs is by no means a traditional bank but were always an investment bank. If you restore Glass–Steagall this […]
QUESTION: Mr. Armstrong; I read the quote that Kenneth Rogoff made about the predictions of the attendees at Davos. He told Bloomberg: “A joke, which I have been telling since the last meeting in Davos, culminates in the fact that the predictions made in Davos are always wrong… No matter how unlikely, the most likely event […]
The latest report on property tax comparisons within the USA has been released. A report from Attom Data shows just how nuts things are becoming with regard to taxes. Property taxes have become really insane in the North. The average annual property tax bill in Alabama in 2016 was $776 compared to the the highest average is New […]
Asia saw a mixed session today with almost everyone discussing the rising geopolitical tensions in the region. The initial move into safe-haven trades appeared to be short-lived and so we saw yen trade back into the mid 111 range having rejected the 110’s. The DXY closed strong on Friday and continues to trade strong. Exporters […]
Becoming a Standard Member to the Socrates Platform gets you the access to the Private Blogs. Instead of an annual subscription, you can sign up for monthly billing and stop that at any time. We are pricing this at a reasonable level to allow the average person to have access to analysis entirely written by […]
Russia’s Foreign Minister Sergey Lavrov telephoned Rex Tillerson concerning the attack on Syria. The minister had told Tillerson that allegations that the Syrian military had used chemical weapons in the so-called “poison gas incident” lacked any proof whatsoever. Lavrov and Tillerson had agreed to personally continue the talks on Syria, because it is increasingly looking […]
