QUESTION: Hi Martin, Thank you for everything that you do. Comments have been made – to which you yourself have been alluding to for some time – that technology is replacing jobs at such a rapid rate, unemployment will be a major issue in the very near future. However, these commentators conclude that this proves […]
The constructive comments provided by Fed Chair Janette Yellen last evening certainly helped Asian equities today. The Hang Seng performed best recording a 1.4% gain on the day whilst the main China Index managed just 0.1% gain which was a relief having spent the majority of the day in negative territory. The Nikkei saw a […]
Trump keeps shooting off his mouth in the stupidest way, but he should know that they will turn whatever he says against him (FYI: Hispanic is not a race, it is an ethnicity like French or German). Hillary and her cronies announced she won before the votes were placed just in case Bernie beats her in […]
The press is clearly in the pocket of the establishment. Today they announced a poll to try to prevent Bernie from winning California where he had a slight lead. They polled the super delegates (who are outside of the democratic process entirely) to see who they will vote for. The fact that they had to […]
A Gallup Poll from last September revealed that the majority of Americans, 60%, say a third major political party is needed because the Republican and Democratic parties “do such a poor job” of representing the American people. Since 2007, Gallup has shown that this is a rising trend, which explains Trump and Bernie. The majority […]
Amazingly, 71% of Democrats think Hillary Clinton should continue running for president if she is charged with a felony in connection with her private email use while serving as secretary of state. Exactly how does someone run the country from prison? Of course, those identifying themselves as Democrats are the over-50 generation, whereas the under-30 […]
https://www.armstrongeconomics.com/wp-content/uploads/2016/06/Mining-Shares.mp4 COMMENT: Mr Armstrong; what do you think about mining shares? REPLY: I do not have the time to talk about every market and every move. We do have mining shares in the system. The computer is better than anyone could possibly be for there is too much to watch and there are too many personal […]
A mixed session out of Asia saw the Nikkei and Shanghai small lower whilst the Hang Seng managed a 0.4% rally. After Fridays surprise NFP release the JPY continued stronger, trading as low as 106.40. However, the big news overnight was about the shift in the upcoming BREXIT vote and the swing towards a possible vote […]
Janet Yellen’s remarks today confused the people who think the world turns on the Jobs numbers since they remain clueless with respect to the changing trend in employment. They do not take into consideration the technology shift, so they are still trying to trade from 20th-century concepts. Yellen gave an outlook of the U.S. economy […]
The debate shifted following the Jobs Report, and people now assume that the Fed will not raise rates. Hence, we have a bounce in gold and the euro. That makes no fundamental sense regarding gold since higher rates indicate inflation and lower rates warn of deflation. The real confusion has been that most only focus […]
