ASIA: There are reports of military personnel in the city’s largest sports complex across the Hong Kong border in neighboring Chinese city Shenzhen. This is a reminder to Hong Kong that China is ready if the situation gets out of hand for local police. Meanwhile, a report from website Gizmodo is reporting that China’s largest […]

The world is in a complete midlife crisis or some may say an end of life crisis. I am overseas as the world is simply going nuts. At times, I feel more like a shrink having to reassure people that it will all be OK. Both Europe and Asia are having a very bad string […]

QUESTION: What makes currencies rise & fall in value? CC ANSWER: Many people want to reduce this to a logical explanation. It reminds me of when I testified before Congress at the House Ways & Means Committee. They had to put me on a panel with academics. I told them to make me last. The […]

QUESTION: Dear Armstrong, According to Dow, a bull market has 3 phases, the final being the distribution by the smart money to the public. You stated that retail is still not participating. Could this be why the market appears to be unable to stop going up? Because the smart money continually fail to entice the […]

QUESTION: Hi Marty Can you enlighten us on what happened back in history to gold mining shares in terms of why shares did not collapse during the crash of 1929 compared to what happened to mine shares in 2008? What happened to the shares held by the public in 1933 when FDR confiscated gold? So you […]

Malaysia filed criminal charges on Friday against 17 current and former directors at subsidiaries of Goldman Sachs Group Inc (GS.N) following an investigation into a multi-billion-dollar corruption scandal that led to the demise of state fund 1MDB. Those charged include Richard Gnodde, chief executive of Goldman Sachs International, Michael Evans, president of Alibaba Group Holding Ltd […]

ASIA: A lot of economic news emerging from China and some is somewhat surprising too. The 3.3% rise in exports YoY overpowered the memories of a 1.3% decline in June, the data from State Customs has revealed. This shows that China could perhaps outlast any tariffs and issues the US throws its way. Unsurprisingly, overall […]

ASIA: Last week on Thursday, President Trump threatened to add another 10% tariff on an additional 300 billion USD worth of goods coming into the U.S. from China. China responded to President Trump’s threat by allowing the Chinese yuan — with the current exchange rate of 7.05 Chinese Yuan to the dollar — sink to […]

We are clearly cascading toward the Monetary Crisis Cycle as the USA wrong accuses China of manipulating its currency for trade advantages. All one needs do is look at the trend of the dollar against other major world currencies and you will quickly see that the trend of the dollar against the yuan is in […]

ASIA: The major Asian stock markets had a negative day today: Shanghai decreased 46.34 points or -1.62% to 2,821.50 Kospi decreased 51.15 points or -2.56% to 1,946.98 ASX 200 decreased 128.30 points or -1.90% to 6,640.30 NIKKEI 225 decreased 366.87 points or -1.74% to 20,720.29 Hang Seng decreased 767.26 points or -2.85% to 26,151.32 SENSEX […]