Nicola Sturgeon, the First Minister of Scotland and the leader of the Scottish National Party (SNP), has said she is determined for Scotland to respect the decision to remain in the EU in 2017. Unionist party leaders urged her to abandon threats of a second independence referendum. Sturgeon is clearly uninformed and will lead Scotland to […]
QUESTION: Dear Marty, What could be the true intentions of Prime Minister Narendra Damodardas Modi in India cancelling the currency overnight. I have been suspecting some foul in his demonetisation move but cannot correctly understand why he did it? Counterfeit currency, Black money, prevent terrorism all his publicised motives have been shown false. If this move […]
Asia has started the new year in positive mood especially after some better than expected China data. The Chinese PMI rose to 51.9 from an expected 50.7 forecast helping the core markets register a 1%+ increase today. This comes on the heels of a change in the calculating factors for the Yuan. As we reported […]
COMMENT: Hi Martin – Police in Australia hit a new low last week charging people with DUI while floating on pool toys in Sydney Harbour claiming they are a “vessels”. Really appreciate all the work you do and you’ve got a big following down under! Keep it up Ben. Youtube title is: Australian Police […]
QUESTION: I find your explanation of how everything is connected very insightful. So events go nuts in Europe and that sends capital fleeing to America as in World War I and II. Am I correct in saying it is not possible to manage an economy in isolation? Thanks for making my mind work HW ANSWER: […]
Turkey has really turned into a dictatorship and the claimed “elected” head of state acts like anyone other than a democratically elected representative. He has acted more like Stalin, and has been gathering anyone who disagrees and demanding other government return people who have fled from him so he can execute them. The Turkish author […]
Although the cash markets for Japan, Shanghai, Hong Kong and Australia were closed some of the exchange traded futures market did open. All were better bid, closing in positive territory but as you would imagine, volumes were extremely thin and even the Indian Sensex closed unchanged. It was the European markets that tended to drive […]
QUESTION: Mr. Armstrong; I really do not understand this electoral college in the United States. Why does the popular vote not count? Then I heard that more electors abandoned Hillary rather than Trump. Thank You from European Disneyland JH ANSWER: It is very simple. The EU has member states and each is really its own […]
The only thing about international trade is that someone cannot have a trade surplus without another experiencing a trade deficit. We all cannot have trade surpluses simultaneously and we have to begin understanding this reality. The net capital movements around the world are showing clear signs that things will be intensifying and the net capital […]
