China has responded to global competition that is exploding in the wake of the Trump Tax Reform. While domestic news in the USA continues to bash the tax reform on class warfare, the rest of the world is trying to come to terms with what Trump has set in motion. China’s response is to allow […]
The Year-End number for the Shanghai share index is 3239.5. A closing above this number will keep the market in a consolidation mode. Resistance stands at 3478.01 and support going into 2018 will reside at 2444.0. A closing below 3478.01 will warn that we may see a retest of support. In the case of Hong […]
QUESTION: Mr. Armstrong; What about the Chinese housing bubble. Why has this been so different in many ways? IX ANSWER: The primary difference is the simple fact that Chinese cannot take their money out of the country under the capital controls. Consequently, the property market has become their bank account. They have been moving from […]
QUESTION: Marty I just finished watching “The Forecaster” and I am impressed that you survived what the government did to you. As a former Green Beret from back in the day, I can appreciate what you endured more than most, my hats off to you. All I can add is I hope to hell that no […]
The dollar haters have been touting that the Chinese yuan, or otherwise known as the renminbi, would kill the dollar and gold will soar. I have warned that China will take the spotlight as the Financial Capital of the World once again but only after 2032. A real assessment of international capital flows reveals the truth. The […]
China keeps moving gradually to open up their economy to international forces. The People’s Republic of China has expanded the trade in gold in yuan and thus the internationalization of the national currency is moving closer. Gold merchants from the industrial metropolis of Shenzhen have been trading their yuan gold at the Hong Kong Stock Exchange […]
China is moving rapidly to advance and take the lead in technology from the United States and they will accomplish that in the years ahead. China is moving very fast on every front. China is moving faster on quantum communications and computing and they are embracing real Artificial Intelligence that is being ignored by the powers that […]
According to local sources in the Middle East, financial difficulties in Saudi Arabia may see a cash injection coming for its oil industry – Aramco. The Saudis are considering a private placement of its shares instead of a traditional float of shares on the stock exchange. The buyer is of course China. Saudi Aramco has been considering the international […]
QUESTION: I read a credible theory recently about China taking over US as the top superpower via economic pressures. Namely by replacing the US dollar with the Yuan as the standard currency for international trade. This shift is (supposedly) being enacted through 1) increased control over Developing countries through international lending from the New Development […]
QUESTION: Why do you say China will replace the West when their government is still the communist party? ANSWER: China is no more communist than Donald Trump. There is a cycle of life through which we all pass including governments. China revolted against communism. The government may retain that name, but they are no communist […]
