COMMENT: Marty; I see what you mean that it does not matter what the fundamentals are, markets move based upon what people belief be it right of wrong. To what the euro rally reminds me of the DOT.COM bubble. Blue skies forever. REPLY: Yes. Human nature is such that we act always in anticipation of […]
The French President Emmanuel Macron will break with the long-standing tradition of the President making a speech on Bastille Day to celebrate winning independence. He says his “complex thoughts” may prove too much for journalists. The truth is, his agenda is to surrender the independence of France and hand it to Brussels. He has no […]
While politicians always talk about the poor and the needy, they never talk about how their own pensions are breaking the bank and come before everything else. It’s always the poor, which is the lead to raising taxes. So here you have a politician pleading with the people to tell their representative end the impasse […]
Following a weak US session, Asia fell in sympathy with US prices then levelled as China’s core held in well, especially as PBOC set the YUAN rate at 6.7744 – the highest in a while. China’s Manufacturing data helped Shanghai but the core large cap’s suffered as the Hang Seng lost -0.8%. Japan’s CPI and […]
A Swedish report has been leaked that concludes the Refugee Crisis is destroying Europe. The report has revealed that the number of lawless areas (commonly referred to as, “no-go zones”) in Sweden have now reached 61, rising from 55 in just one year. This increase includes, not only the total number, but also the geographical […]
A flood of comments from central banks this week has been signalling that the era of easy money is coming to an end. Of course, the nonsense spouted out by the Gold Promoters that hyperinflation was coming has left 10 years of continually wrong forecasts, yet the pretend analysts have done far more damage to […]
QUESTION: Mr. Armstrong; Reading between the lines, it seems that you support bank bailouts at taxpayer expense. Is this not counter to free market philosophy? KE ANSWER: Yes it is contrary to free market philosophy. However, it is the only reasonable solution at this moment in time without structural reforms to the financial system. If […]
A strong follow-on for Asia after the positive day seen for US markets yesterday. Although a lot of the talk in Europe surrounded regulations, in Asia they followed directions from three central banks – Europe, UK and Canada – as rhetoric talked of positivity. It is interesting how the market apparently “misinterpreted” Mr Draghi’s speech […]
Private Blog Update for June Month-End Closing in the Euro/Dollar Please note: While our ArmstrongEconomics.com blog is free to the general public, our Private Blog posts are not accessible on ArmstrongEconomics.com. They are only accessible on our sister website, Ask-Socrates.com. This website is a membership only service, and Private Blog posts are only available to members. […]
The very issue of the European Refugee Crisis highlights the entire problem with the European Union. There is no democratic union whatsoever. The issue of accepting refugees was a unilateral decision by Merkel alone. It was never put to vote in Europe. Once the migration turned to a full blown crisis, Merkel then insisted that […]
