QUESTION: Marty, years ago you did a chart showing the projection for unemployment. I believe I understand what you were projection for the company I work for has been replacing people with technology on a large scale. So we can have rising corporate profits with rising unemployment as technology changes everything. Is there a point […]
QUESTION: Mr. Armstrong, there appears to be a dispute between what is money and what is a currency. Can you define each easily? Thank you LW ANSWER: “Currency” is an official monetary instrument used in commerce. Currency must be “legal tender,” which means the government will accept it in payment for taxes. “Money” is a much […]
Japan’s GDP showing today finally provided signs of life when the expected number of 0.1% was put to shame with a 0.4% print. However, it was only enough to rescue the Nikkei from the selling but did help to provide the days highs. By close of business the index had drifted back only to close […]
Of course, the markets have been causing losses among the bulls as well as the bears. This is what they do and MUST do before they can actually make a decisive move of the nature we are looking at ahead. It becomes rather amusing to watch the so-called professionals, who are constantly wrong, brood and […]
The Executive Branch was handed dictatorial powers last month in a Washington DC Court of Appeals decision, United States v. Fokker Services B.V., where a Dutch aerospace firm was accused of making more than 1,000 illegal shipments of parts and components to Iran and other sanctioned countries from 2005 to 2010. It held that Federal judges have no authority to […]
The European Film Festival selected another film of Marcus Vetter entitled the “Promise.” Marcus’ work — “The Forecaster” & “The Promise” are two films exposing to the world the cold fact that the justice system in the United States is anything but honest or fair. This is all about prosecutors moving up the ladder to […]
Things all looked good in Asia with the Nikkei closing up a little over 1%, Hang Seng following its lead gaining 1.2% and so it was only Shanghai that returned a small negative on the day. All was good following the strong US session and so we were lead mostly by energy and miners (BHP on the […]
At last year’s WEC, we warned that the collapse of the euro was underway. We achieved the Yearly Bearish Reversal on the close of 2015, but we did so far below the number. We had been waiting for the rally to retest the 11600 level, which we finally achieved. The ECB monetary policy has been […]
The lastest polls show that 2/3 of the German population have had enough of Merkel. I have warned that 2017 is the political year from hell. We have the BREXIT this June, the USA presidential election (Trump v Hillary), Holland in France, and Merkel in Germany. These are the four big elections we have to pay […]
A new book confirms what I have been reporting on behind the curtain. This is a devastating inside look at the dark side of Congress that shows why career politicians need to come to an end. This is written by one of its own, anonymously entitled “The Confession of Congressman X.” His admissions are dark […]
