Janet Yellen signaled that the Fed is grappling with the problem I have been warning about: the dollar has become the de facto currency and the Fed is indeed becoming the world’s central bank. Yellen has admitted that everyone is lobbying the Fed to surrender its domestic policy objectives for international ones. This is precisely […]

COMMENT: Marty; I do not know how you have accomplished creating your model with such extreme accuracy regarding numbers and time, but I do believe you have proven your point. To have a number in gold at 1044 and it stops at 1045 and then for the rally it stopped 30 cents from your weekly […]

The elitist press are starting to realize that they are the problem. “Trump voters are a coalition of the dispossessed. They have suffered lost jobs, lost wages, lost dreams. The American system is not working for them, so naturally they are looking for something else. Moreover, many in the media, especially me, did not understand how […]

Good Friday The NYSE will close on Friday November 25, 2016. CME Equity products, Interest Rates, FX, Grains, CME Europe, and Korea Exchange (KRX) will be closed on Friday.

With Japan on national holidays it was left to Shanghai and Hang Seng to show the rest of the world the way forward. With the help of the PBOC, adding ample liquidity and fixing the Yuan rate at  6.4824 (compared to 6.4628 on Friday) stocks saw a healthy 2%+ gain for the day. HSI closed marginally firmer. In […]

Everything is connected in nature including how our economy functions. A reader who grasped my piece on how everything is interconnected in markets sent this in. He made the connection with his non-linear observation. Something small can have profound impacts; the essence of chaos theory. For example, the reintroduction of wolves in Yellowstone National Park […]

With both Asia and European markets were in pretty much a waiting station ahead of the FED, so it is probably worth us heading straight to where the action started! Even the events of the UK Budget were almost removed with talks of,  “It could all change come June 23rd anyway” so why get too hot under the […]

Fabric of Space Time QUESTION: Dear Mr.Armstrong, Do you think of cycles and time as the same thing and interchangeable? Is it time that defines the architecture of a cycle or a cycle that characterises what we know as time? A ANSWER: This is an interesting and very deep question. Recently, a group of scientists have […]

The central bankers are simply crazy, not evil. They are trying to steer the economy by utilizing this simpleton theory that if you make something cheaper, someone will buy it. Japanese and German cars managed to get a major foothold in the U.S. because the quality of U.S. manufacturers collapsed, thanks to unions. The socialist […]

While the markets have cheered the public admission that the central banks have completely failed in their quantitative easing and they will now buy more for longer, the technical profile is not as buoyant as it might appear on the surface. We have at least begun to enter the resistance area, but we have still […]