With Japan being one of the few markets that were open in Asia, most of the conversation was centred around Spain, TANKAN, DXY, UK’s Conservative Party conference and then the tragic events of Las Vegas. The Nikkei traded well, closing near the mornings highs with momentum provided by the strong confidence survey (TANKAN). With this […]
COMMENT: Mr. Armstrong; the Spanish and Italian bonds are getting hit. You were spot on again. RW REPLY: Yes the peripheral spreads on the Spanish government bonds (at 10yrs) are 8bp wider than Friday close. Italy is also widening – out by 6bp but still early in the trading day just yet. The Spanish IBEX is […]
QUESTION: Hi, I tend to agree with your view about the decline in socialism. However, I fear it will be replaced with the other extreme. Doesn’t the pendulum usually swing from one extreme to another? Regards, Jack ANSWER: Absolutely. This is the ONLY reason I am doing what I do. The risk is that we turn […]
QUESTION: Mr. Armstrong; Do you believe in portfolio diversification? ANSWER: No not really. I see no point in putting money in something you know will be a loss. Diversification within a sector is one thing. But buying government bonds when rates are at a 5,000 year low and governments are in trouble around the […]
QUESTION: Marty, do you think any crypto currency will survive? ANSWER: No. We are looking at central banks and even the Chinese government is moving to create a Cryptocurrencies. There is no question that we will be looking at this as the next evolutionary step forward in the monetary system. However, what I have been […]
I have warned that we are in a period where SOCIALISM is collapsing – not CAPITALISM. The distinction is manifest in rising retirement ages, reduction in social benefits, and rising taxation. This is also evident in politics. The Democrats really have no face to put forward as their leader. Hillary lost and even Elizabeth […]
Google has blocked an app that shows where to vote for “political reasons” (via @mandineSanchez) pic.twitter.com/RuRdRYcNRk — Tim Pool (@Timcast) October 1, 2017 Anyone who supports the Spanish Madrid government is no different than those who supported the Kings of England and France during the American and French Revolutions. Google picks the wrong side. Does […]
The Spanish state police violence have turned against the people showing that they are clearly still a fascist reign supported by troops. Riot officers have been firing rubber bullets at crowds protesting in a Barcelona street, sending people running for cover. Countless are injured. This demonstrates that Spain is not a place for investment and one […]
I have previously told the story about attending a dinner in Washington and being seated with the entire Environmental group. It was a Washington elite political dinner and because I attended with my friend Dick Fox who was Chairman of Temple University and I was an adviser to the University, whoever it was that made the […]
COMMENT: Hello Martin; I trust you and the state of Florida are healthy, hurricane or not. As to the German VAT pre-pay system, Ontario, Canada tax laws shocked me nearly 30 years ago with income tax on accounts receivable, whether collected or not. I was 22 years old when the accountant came to review my […]
