QUESTION: Mr Armstrong, thank you for all that you are doing. I was hoping to get your view on the Indian government banning large denomination bills. What do you think is the reason and why such a small window of time to get them turned in? PB ANSWER: Unfortunately, the theory is that cash prevents […]
One of the largest one day gains seen in the Nikkei with a rally of almost 7% on the day. Upon the open almost no trades were seen until the index was over 5% higher, comfortably taking out the 17k level again. However, the flip-side of this move was the JPY which traded from 101 […]
There are reports of more and more incidents of Germans turning against the refugees with violence. A mob of about 50 youths went “hunting” for migrants in the eastern German city of Bautzen. They were throwing stones. This was by no means the first time in that city. This did not reach the 1700 people who […]
Protests have erupted against Trump from the people who have been brainwashed by the media and the Democratic machine. The deep divisions that this election has exposed within the nation and Clinton’s speech not to give up on their agenda invites nothing but violent and civil unrest looking ahead. Of course these very people who […]
The pension crisis in Dallas Texas is starting to create panic among beneficiaries and thus the situation is snowballing out of control. The Dallas Police and Fire Pension has been well regarded in the pension world for its diversity among asset classes. The funded ratio was estimated at 64% in 2014. In 2015 a new […]
That was interesting! Obviously well trodden ground now but the DOW futures were around 800 points lower at the time the Asian cash markets closed. The Nikkei was down over 5% on the day and as result of market bouncing in early US trading the futures are up over 900 points (5.75%). The Yen traded […]
Today was always going to be about the election with all markets anxiously awaiting any headline. In China we saw a smaller than expected Trade number but really was nothing to write home about. Also, we heard that foreign exchange reserves fell by $45.7bln to $3.121 trillion which was one of the largest declines this […]
The Euro soared to 113 and then crashed and burned to the 109 level. The Dow exceeded yesterday’s high but has not penetrated the previous day’s low. Gold had its reaction up to 1340 and fell back under 1300. Let’s get this much straight. Our computer is NOT showing a major change in trend because […]
This has been an INTERNET Revolution. The king is dead (establishment) long live the people. Socrates has done a fantastic job on these trends. It takes perhaps an unbiased computer to just see the trend and determine which way the people will go without having to call them up and ask. It keeps learning and […]
