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Month: January 2018

Refugee Migration Will Keep Wages Suppressed in Europe

QUESTION: Mr. Armstrong; Here in Germany, one obvious consequence of the refugee migration has been that wages are declining for low-end jobs. I believe you had...

Market Talk- January 22, 2018

We opened the week with a quiet, low volume Monday but with plenty of central bank activity scheduled to look forward to. Given the US shutdown started midnight...

Do Commitment of Traders & Inventories Really Matter?

QUESTION: Do you think that the Commitment of Traders and reported inventories are relevant to gauge market performance? ANSWER: The oldest game in town is...

Central Bank Reserves – The Rise of the Yuan

QUESTION: Mr. Armstrong; I understand that your model shows that China will become the dominant economy post-2032. The IMF added the yuan to their SDR basket. Are...

Why the Dollar is the Mainstay of the World Economy

QUESTION: A friend told me the one pound coins I have from a trip to Britain last year were canceled. How can a government simply cancel its money? KL ANSWER: Oh...

RULE #1 – Never Marry the Trade

COMMENT: Mr. Armstrong; The goldbugs hate you for calling the top and a bear market. To my surprise, I searched Money Week here in London and it came up with an...

Dollar Manipulation by China & Japan?

The two largest foreign holders of the US debt, China and Japan, reduced their holdings of US government bonds in November compared to October. While many are...

Government Shutdowns – Just Politics?

The Trump was preparing for at least a weekend-long partial government shutdown Friday night, expressing little confidence that Congress could pass a bill by the...

Did Rights Decline as Governments Grew in Size?

Palace of the Doge Venice QUESTION: In your study of history, would you agree with this quote? “In all of history, no government became more honest, less...

Market Talk- January 19th, 2018

A positive day for core Asia but not that convincing. You could highlight the Australian ASX as one key core that set a weaker tone settling -0.15% lower, but we...