As time passes, the newer generations lack any understanding of gold standards or even the events of 1971. There are many people who judge the future of gold based upon their belief that it is money. However, like religion, human society is fragmented and certainly neither of one faith nor one political party. While there are […]
Asia: US-China trade deal remains top-of-mind, yet, as uncertainly looms on progress from here, President Trump stated that the tariffs could remain for quite some time. Separately, pressure is mounting from international countries against Chinese human right violations against the communities in the Uighur region. Wednesday was a mixed day for the major Asian stock […]
Note: Due to technical issues, the delivery of this blog post was abnormally delayed. We apologize for inconvenience. Asia: Denmark’s largest telecom group, TDC, has chosen Ericsson (from Sweden) over existing provider Huawei to roll out its ultra-fast 5G mobile network. This is on the back of recent security concerns regarding China. According to a […]
QUESTION: Mr. Armstrong; You seem to have studied history more than any professor I ever met. So I am directing this question to you. Did Rome have their Trump who tried to drain the swamp? Or was everyone just immersed in the swamp? LR ANSWER: History repeats because human nature never changes no matter how […]
QUESTION: There are a few people coming out claiming the stock market will crash so buy bonds even though you will lose money. How can people keep calling for a mega-crash so long with constantly being wrong since 2010? Thank you for your reason NR ANSWER: These people are still living in a world that […]
Asia: Huawei, the Chinese smartphone maker, said the company will look at building its own OS as a plan B if a ban is extended to US-based Google and Microsoft. A green day for the major Asian stock markets: Hang Seng increased 396.75 points (1.37%) to 29,409.01; Shanghai increased 74.67 points (2.47%) to 3,096.42; NIKKEI […]
Asia: At the conclusion of the annual National People’s Congress meeting, Chinese Premier Li Keqiang said that Beijing is prepared to support a slowing economy by cutting reserve requirements and interest rates if needed. Followed by the good news, the Shanghai Composite index increased 31.07 points (+1.04%) to 3,022 this Friday. The rest of the […]
Asia: The much-anticipated trade deal between China and the U.S. may be pushed back once again, according to a new Bloomberg report. Chinese President Xi Jinping and U.S. President Donald Trump were expected to meet in Mar-a-Lago, Florida, later this month to discuss terms. However, reports are that the meeting may not take place until […]
QUESTION: There are a number of people who claim to have called the 2008 crash. What I find absent is that there is no one who brags on calling the rallies and crashes as you have and I have witnessed from going to your WECs since 1985. I still remember you in 1985 standing up […]
Asia: Most of the major Asian markets closed in the red today. Decreases were led by NIKKEI 225 (-253.27 points, -1.18%, 21,243 close), followed by Shanghai (-32.82 points, -1.07%, 3,027 close). Hang Seng was down this Wednesday as well (-101.92 points, -0.35%, 28,818 close). KOSPI and ASX200 both posted losses for the day (-5.81 points, […]
