QUESTION: I have been following Socrates for quite a while. It certainly seems to provide the long-term view quite reliably. You said it has taught you. So I take it that is why it is AI because you did not precisely code it to do these things? WK ANSWER: I created Socrates to monitor everything. […]

QUESTION #1: Once more I am asking: In practical terms, when a Panic Cycle appears, which are the factors that will help us to determine if the movement will be up or down please? Thank you for answering. SM QUESTION #2: Your Panic Cycle is remarkable and your forecast on Ukraine before 2014 warrants putting […]

ASIA:   Citigroup Inc said it will wind down its consumer banking business in China, a move which is expected to affect about 1,200 employees in the country. The exit will include products such as deposits, insurance, mortgages, investments, loans and cards, the lender said in a statement Thursday. The bank will also explore options […]

Naturally, I have received emails from those on the left and Elon Musk appears to be rising to that coveted spot of hatred once monopolized by Trump. Musk has outright suggested that Twitter was acting under government orders to suppress free speech, with his remarks coming hot on the heels of the release of a […]

Retail relies on the holiday season for the bulk of its revenue. In fact, a quarter of all retail spending in the US occurs in the last two months of the year. Numerous retailers have already downgraded their forecasts for the holiday season, and therefore, overall revenue estimates will go down. I reported that early […]

The National Retail Federation estimated that 172 million Americans spent $10.6 billion on Halloween this year, or $100 per person. Around $1.2 billion went into costumes for children, not to be outdone by adults spending $1.7 billion on their own costumes. Around $710 million was spent on pet costumes as well. Around 67% of consumers […]

ASIA: Singapore’s economy grew at a slower pace of 4.4 percent, but exceeded expectations, in the third quarter of 2022, according to advance estimates released by the Ministry of Trade and Industry (MTI) last Friday. On a quarter-on-quarter seasonally adjusted basis, Singapore’s gross domestic product (GDP) expanded by 1.5 percent after contracting 0.2 percent in […]

  COMMENT:  Hello Mr. Armstrong, as to the below “Blog/ Corruption” …. and then there is Canada – the next door neighbor … who could have avoided a North American oil crisis … but it’s Pipeline was shut down by Biden to spite Trump …. but no mention of this any-wheres … (not here either […]

ASIA:   India’s central bank, the Reserve Bank of India, seeking to arrest the rupee’s slide, is asking local banks to not build additional positions in the non-deliverable forward market, a move that could lead to offshore volatility spilling into local markets, bankers and traders said. The build-up of positions in this segment of the […]

ASIA: Japan’s inflation-adjusted gross domestic product shrank 0.3% in August from July as exports to China and Europe fell, as local demand remains sluggish, the Japan Center for Economic Research said in a report released on Tuesday. It is the first month-on-month contraction since May for the world’s third-largest economy, owing largely to external factors, […]