This is the boldest move by any government in recent times. Both the old 500 Rs and 1000 Rs notes have been “probabilistically devalued” meaning that anyone holding large number of notes, the value just has been significantly lowered by approximately 10 to 20% overnight. If you now try to deposit the cash, the money […]
Trump is keeping his word so far. He has admitted that he was part of the problem paying lobbyists to get preferential treatment. As they say, if you want to catch a thief, you hire a thief. In this case, Trump has really been on the other side and admitted he even paid Hillary to […]
We hardly saw any excitement overnight other than the fact that the BOJ bought some 10yr JGB’s to keep yield around zero. This obviously has a detrimental affect on the currency and in late trading we see JPY trading close to 110. As a consequence of the weaker currency financial stocks traded heavy whilst the […]
The Wall Street Journal wrote: “Securities and Exchange Commission Chairman Mary Jo White plans to step down in January, opening the door to a new Republican-appointed leader who could move to loosen rules on Wall Street and curb the aggressive enforcement approach Ms. White prosecuted.” To set the record straight, White has protected the big banks all […]
Understand one thing: revolutions emerge from the youth. With all the rhetoric hurled during the campaign, and Bernie Sanders promising free everything at the expense of anyone who works for a living, the youth have become an increasingly communistic generation. Typically, candidates promise everything and nobody really expects them to deliver. This election has hit a nerve simply because it […]
QUESTION: Mr. Armstrong; Your conference was exactly as you have said. A fantastic networking event. It was like a college reunion of like minded people coming together from around the world. At the cocktail party, you said 2015 was simply the 26 year “differential peak” in western governments. I didn’t get a chance to ask […]
Again, we saw good performance from the Nikkei but with the currency attempting the 110 handle having a neutral ling affect. The index closed up over 1% on the day and was helped by the renewed OPEC rumour of potential output cuts. Other Asian exchanges were equally better bid but could not sustain their performance […]
USA Today showed this photo by Olivier Douliery, it portrayed the color purple as the very words handed to them by Clinton, Inc.: “Purple is the blend of red and blue. It’s one of three colors of the suffrage movement. And it has deep ties to Christianity.” Purple was the color of royalty. Nobody but the Roman […]
QUESTION: Dear Marty, The computer forecasted perfectly the Trump victory. Now some people are trying to prevent a Trump presidency. Is President Elect Trump going to be impeached or obliged to resign ? What does the computer is forecasting and what do you think about it ? Thank you very much, LB ANSWER: No. Trump […]
