QUESTION: Mr. Armstrong; You said other nations would follow Britain. It appears that Italy is doing so with their referendum. Is this correct? You are very famous in Germany by the way. Thank you. KG ANSWER: Yes. Prime Minister Matteo Renzi has said that a victory in the poll would end Italy’s questionable political system which […]
A weaker opening for the Nikkei was off-set by better than expect economic data (Machine Orders) by lunchtime. The majority of the afternoon trading was in the positive but eventually closed small down. Many are concerned that the JPY may attempt a summer break of the 100 level which has the tendency to weigh […]
QUESTION: Mr. Armstrong; People are adamant that there is a move to return to the gold standard. They claim various scenarios. Is there any such plot by the IMF and it seems strange that the ECB gold reserves are minimal. Can you explain the truth in this matter? Thank you GS ANSWER: The IMF has […]
There are so many incidents with the refugee crisis in Europe that the blog could be filled with that subject alone. Even the press in Germany is starting to shift after countless incidents from knife attacks to a gang beating and robbing British tourists in the same square in Cologne, Germany. Not to mention the media’s […]
QUESTION: What do you think of value investing? Bob ANSWER: As with everything, a cycle that you have to understand will unfold. Everything will move to extremes on both sides and you must understand the driving forces. Look at the PE Ratio. People write in and say I am wrong and the market must crash because […]
Consolidation was the name of the game in the morning session for Japan, which dealers were happy to see especially after yesterdays prestigious run. Hang Seng had a rather subdued day with very little change for them today. In Shanghai, once the market saw the unchanged CPI and the better than expected PPI, bulls […]
COMMENT: Mr. Armstrong; I attended the Berlin Conference. I have to say that you have done an excellent job of laying everything out from the rally in the euro back to 116 to the rally in gold and its failure to get past 1362 not to mention Brexit and the breakout in the Dow. You […]
QUESTION: Mr. Armstrong, it appears to me that we are moving to the extreme in political correctness to the point it is creating children who can no longer rep the very benefits of civilization. Have you seen this latest insanity in Australia where children cannot even clap their hands? PD ANSWER: Yes, I agree. Placing […]
COMMENT: Dear Martin, you always claim that the costs for social security will become unpayable from 2017 onwards. In Germany we have health care system organized by the federal government / the federal state. The government now created a “turbo” to bankrupt this system: The government passed a law that allows them to take 1.5 billion […]
