Not such a convincing day today for Asia as Shanghai and Hang Seng returned yesterday gains, whilst the Nikkei and ASX added to the move. Both the mainland and HSI attempted gains but were quickly rejected soon after the open. These moves have reversed only some of the recent gains but probably expected ahead […]
QUESTION: Mr. Armstrong; The goldbugs are saying that China, Russia, India are “rogue” rising economic powers that are rogue nations. They cite David Stockman who preaches the U.S. economy is in deep trouble thanks to its “massive indebtedness” and they seem to ignore what you have pointed out that the USA is in the best shape. They also cite […]
We are beginning to observe institutional investors withdrawing from bonds issued by companies whose credit ratings are in question. Many are also selling off other classes of bonds in anticipation of higher rates. The trend toward investing in high yielding debt mainly by pension funds has begun to reverse albeit gradually. Because of the low yields, […]
The symbol of medicine comes from a small town located on the Peloponnese in Greece known as Epidaurus. People would travel there to pray for their health to Asclepius (Greek: Ἀσκληπιός) who was the god of medicine in ancient Greek religion and mythology. Asclepius represented the healing aspect of the medical arts. They would pray to his […]
I want to thank everyone for all the flowers, cards, and donations in my mother’s name. It was very touching and the funeral home never saw someone with such a response from around the world. Maggie always asked me about my mother all the time. I hope my mother and her sister are having an […]
After the strong close in the US on Friday, we open the week with an equally impressive Asian session. It was the Shanghai index that shone bright today with a 1.25% return, not bad for a Monday and with month end so close. Domestic markets were boosted by the removal of the two-term limit […]
Source: Wikipedia QUESTION: Vitalik Buterin, the co-founder of Ethereum and a co-founder of Bitcoin Magazine, said on Twitter. “Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time.” He said: “Don’t put in more money than you can afford to lose.” Do you agree with him? It seems […]
QUESTION: Mr. Armstrong, My father was ______ the banker who commissioned you to do the Turkish lira hedging project in 1983. He passed away as you know. I found this material in his files on Turkey that you apparently published back in 1985. Some articles are saying that Turkey is the epic center of debt. […]
We are witnessing the rebuke of career politicians by career politicians. The California Democratic Party took a vote and it concluded it will not endorse Senator Dianne Feinstein’s re-election bid this year. Feinstein is 84 and the oldest politician there who wants to run for another 6-year term. The delegates at the party’s annual convention […]
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