We did eventually see a mixed close in US with the NASDAQ setting new gains but the late rally failed to convince Asian markets of the rally and having seen ECB unchanged, we saw Asian indices small down. It was a reasonably light session to close the week as main core markets drifted. The Nikkei […]
QUESTION: Mr. Armstrong; I suppose when you said that the marriage of Isabella and Ferdinand the the final stage of unifying Spain rather than the beginning. Correct? ANSWER: Yes. The idea of a nation state began to emerge in Europe during the 10th century. This is reflected even in the coinage which to a large […]
The Second Circuit Federal Court of Appeals overturned the convictions of two former Rabobank traders in the LIBOR London interbank market manipulation scandal saying the men’s Fifth Amendment right against self-incrimination had been violated. Former Rabobank traders Anthony Conti and Anthony Allen, was sentenced to a year and a day in prison by Judge Rakoff who […]
QUESTION: Dear Mr Armstrong, with great compliments on your work I now see a chance to do something back. … On the topic of government hunger for money, they are now using speedtraps for boats here in Amsterdam. Just 2 miles over the limit will cost already cost you €90. Yes they have laserguns for […]
A strong Asian session following yet another record US performance with the added enthusiasm for central guidance from both the BOJ and the ECB. The BOJ left rates unchanged but we did hear them cut the inflation forecast for this and next years. Earlier we also saw the June Trade data release which proved to […]
Once the Euro closed above the Weekly Bullish Reversal last week, we have rallied strongly simply on comments from Draghi that a strong Euro is good. It is hard to contemplate his reasoning since this increases the debt burden of Southern Europe and reduces German export competitiveness. His comments that changing police will come September. […]
QUESTION: Mr. Armstrong; I read a piece on the Paris Climate agreement that said climate experts now warn that an increase of more than 2 degrees Celsius could bring about irreversible consequences, including unpredictable superstorms and crippling heat waves. That seems to be anti-cyclical. How do they create such “science” without proof? PL ANSWER: They just […]
THE sun is the source of all our warmth. Without it, we would not exist. Like everything else, it is cyclical in nature. The term “lunatic” referred to people who seemed to go a bit strange when there was a full moon. Some people are perhaps susceptible to its gravitational forces. After all, it is […]
One of my greatest concerns with all this Global Warming nonsense is that nobody seems to ever plot weather against the rise and fall of civilization. When you do, you arrive at a strikingly different perspective of global warming. The greatest advancements in civilization have ALWAYS taken place during periods of global warming. When […]
A healthy close for Asia in todays trading after the uncertainty seen from a mixed US session. The large cap DOW recovery helped but it was the broader S+P and NASDAQ that contributed most for Asia’s impetus. The Nikkei only marginally closed in positive territory but it was the fact that it closed above […]
