The People’s Bank of China held a seminar yesterday to discuss the issuance of a digital currency. The Chinese central bank said issuing a digital currency would have positive implications as it would reduce the high printing and circulation costs of … →
The Dow has fallen back to retest last year’s low. The number we gave is weekly, not daily. So that comes into play for Friday’s close.
Speculation is, at last, starting to rise that the HK$/US$ peg could break. The all-powerful governments are suddenly being seen as no so powerful. The massive dollar rally that our model has been forecasting is rather straight-forward. The higher the … →
QUESTION: Mr. Armstrong, your real estate cycle turned up from 1955. It does not match the Case-Shiller index which peaked in 1890s and bottomed in 1920 and then began to rally after 1940 into the 1955 period. Something seem strange with … →
Well, today was fun! Asia suffered from the start with heavy selling across the board. Both the Nikkei and HSI closed down almost 4% with Shanghai losing just 1%. Most blamed the IMF down-sizing its growth forecast (from 3.6 to … →
The most telling sign that we are heading into a real political economic shit storm is the fact that “TRUST” is collapsing on all sides. Obama is looking for any opportunity to disarm Americans. Why? This is simply because government is … →
Some people have asked why I bother to follow weather. I became a partner in a firm called Strategic Weather, known today as Planalytics, that is geared toward forecasting weather for business. I did long-term forecasting for the company. Their database … →
Overnight the Chinese data that the whole market was waiting for actually missed on the estimate (forecast was 6.9 but actual came in at 6.8) but all was forgiven after the PBOC injected more liquidity combined with rumours of additional … →
The fear has been that Iran will start dumping oil now that the sanctions have been lifted. Thus, crude has been falling out of bed in a nightmare scenario. The fact that Crude was below $35 and then rallied to … →
The Cologne police are now defending themselves after revealing that they brought the problem of the refugees to Mayor Reker. Politicians are simply trying to cover up their mistakes at the expense of increasing the danger to the citizens of Europe … →
