QUESTION: Mr. Armstrong, Your knowledge and database on financial crises is really unprecedented. I googled the first banking crisis and it brought up only the Crisis of 1763, which started in Amsterdam. Yet that list published in the WSJ which showed 1683 as the first panic and the siege of Vienna was most interesting. I […]
ASIA: Coca Cola’s President and CFO, John Murphy, expressed confidence in India’s economy, stating that it remains resilient with a strong job market and robust consumption. The company has increased its availability in over 300,000 stores in India, driving 3 billion transactions in the first quarter at affordable price points. Coca-Cola is focused on […]
COMMENT: Marty; I was in a board meeting and I just wanted to let you know one guy who is there simply because his family had a stake in the company with zero worldly experience, started ranting about the end of the dollar he probably read on that biased _____________________. I asked this fool, should […]
QUESTION: Didn’t you also buy gold bars from the SS Central America ship that was discovered? The gold bugs hate you and say you are bearish gold but you buy a lot of it. All the best JE ANSWER: Oh yes. I tend to collect important relics from major economic events. The sinking of that […]
It is very interesting that I just purchased a hoard of $20 liberties, all uncirculated like the day they came from the mint and all dated 1904. The source was a foreign central bank. They were going through their reserves and came across this exciting hoard. It just goes to show that sometimes being disorganized […]
All we hear is the same claims that the dollar is dead and it will be totally worthless any day now. Over the last few weeks, all we hear from the majority now is that the dollar is finished. Virtually every page you turn or site you visit claims the death of the dollar. They […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 93.20 points or -0.33% to 28,564.37 Shanghai decreased 65.77 points or -1.95% to 3,301.26 Hang Seng decreased 321.24 points or -1.57% to 20,075.73 ASX 200 decreased 31.80 points or -0.43% to 7,330.40 Kospi decreased 18.71 points or -0.73% to 2,544.40 […]
For whatever reason, people have tried to claim that Cleopatra was black. That is the most absurd proposition that distorts history beyond belief. When Alexander the Great died, his empire was split among his generals. Egypt went to General Ptolomey. There was perhaps a sense of prejudice by the Greeks against those that they conquered […]
ASIA: Singapore’s March non-oil domestic exports (NODX) shrank 8.3% year-on-year, official data showed on Monday, though the drop was smaller than the previous month and less than forecast. On a seasonally adjusted month-on-month basis, NODX increased 18.4%, Enterprise Singapore data showed, versus the prior month’s 8.2% decline. Economists had forecast 1.7% growth. The trade […]
ASIA: The Bank of Japan’s Assistant Governor, Tokiko Shimizu, expressed concern about Japan’s economy due to global economic slowdown and financial market stress. She warned that the rapid interest rate hikes by the U.S. and European central banks could eventually harm global growth. While some Japanese firms are raising prices and wages, Shimizu believes […]
