QUESTION: Mr. Armstrong, on the one hand you are pessimistic, but on the other you are very optimistic. Many of these analysts just say everything is going to hell from currency to stock markets. Do we survive? Which camp are you really in? BK ANSWER: You do not change unless you have no choice. Only […]
Core Asian markets seemed to be dragged lower by the weight of the Nikkei today as Yen buying returned. Always difficult to gauge sentiment when half the core markets are closed (Shanghai, Hang Seng, India). so many focused on the RBA rhetoric and watched currencies more than equity indices. The yen again attempted to breach […]
QUESTION: Mr. Armstrong, there appears to be a dispute between what is money and what is a currency. Can you define each easily? Thank you LW ANSWER: “Currency” is an official monetary instrument used in commerce. Currency must be “legal tender,” which means the government will accept it in payment for taxes. “Money” is a much […]
