QUESTION: Mr. Armstrong; some people say you are wrong because the Fed did not create “cash,” but rather made more debt available through the QE process and whether people hoard money is irrelevant. I do not agree with this statement for the Fed clearly bought bonds, they did not create debt. It seems some people have […]
A couple of rumors and some nerves ahead of the all important US Non-Farms Payrolls. In mainland China there were rumors that local regulators may want to delay mainland listings of mainland US listed Chinese companies. We will follow-up on this rumor when we hear more information. Shanghai index closed down 2.8% and the Shenzhen B closed down 3.6%. Europe traded sub-par […]
QUESTION: Mr. Armstrong; What do you think about Bernie Sanders saying education should be free? Is this socialism or doable? ANSWER:The two areas that constantly rise in price are education and health care. Both are a total disaster because the government subsidizes them. Bernie’s idea of free education sounds nice. However, it will fail and constitutes Marxist socialism if it simply seeks to […]
The government is dancing between the raindrops. The 5th Amendment states that you cannot be compelled to testify against yourself. You have the right to remain silent. So how do they get around this? In my case, I personally was not held in contempt since that would have violated my constitutional right. Instead, the corporate […]
While the media focuses on the U.S. presidential election, the real power is dangling in Congress. The 2018 election will be far more important as there is a risk of Independents sweeping into Congress at that time. For now, there is a total of 469 seats in the U.S. Congress (34 Senate seats and 435 […]
In the Dow, we have technical support at 17573 and a Daily Bearish Reversal at 17568. At the time of this posting, the Dow is trading at 17633 and the low has been 17580. A closing beneath this level will warn we could see a decline into the week of the 16th. The primary Weekly […]
Private Blog Update for the close today in Euro – Gold – Silver
If I do not mention something on the blog, some people think it means I missed the move. Sorry, but this is not about me as an individual trying to forecast everything. Apple shares fell right down to the Bearish Reversals, which was a huge gap. They held and then bounced. My goal is to deliver […]
Are you ready for this one? Google was approved for a patent where they can remove the lenses in your eye, fill it with fluid, and then place a device in there. You will no longer need to wear glasses with the device, and you no longer need a camera since it comes equipped with a […]
Many people do not realize that the global warming/climate change deals in Europe will eliminate gasoline and diesel cars on the streets come 2020. From Norway to India, the year 2020 will mark the end of petrol and diesel vehicles. This is part of the long-term bear market in energy. Germany wants to put at […]
