Although the trade numbers from Japan were below forecasters’ projections, the street was abuzz with speculation of further BOJ intervention; so we saw the Nikkei close up 2% today. The same could not be said for Shanghai (closed down 3.5%) whilst the HSI was closed for a public holiday. European indices really could not decide on direction but after a […]

Joe Biden will not run. Sources say that Hillary has the banks locked-in for they owe the Clinton’s big time for (1) repealing Glass-Steagall, and (2) handing them student loans as non-dischargeable in bankruptcy. Those two factors mean that Biden would find it very difficult to match the money Hillary has coming from the bankers. […]

The capital outflows from China have reached record levels of $500 billion in the first eight months of the current year. Following the devaluation of the yuan in August, this is putting more flesh on the bones of the reality of the Chinese devaluation. The Chinese intensified their capital outflows post-devaluation. So while some only want […]

  QUESTION: Mr Armstrong, I am an avid fan of your site and thoroughly enjoy your posts. As much as I am against tax, would you not agree it’s rather sick that a company the size of Facebook paid out less tax than I did last year? http://www.bbc.co.uk/news/business-34504474 I know you advocate a tax on sales, […]

Hedge funds or vulture funds are destroying society, tearing it limb from limb. They should be making money without getting involved in social destruction. Puerto Rican officials are in a confrontation with hedge funds who want to extract money from the poor because they see it as an opportunity. It’s all about screwing the people so they […]

After a strong open the Nikkei spent the rest of the day clambering to remain in positive territory. Eventually closing +0.45% higher, the Nikkei inspired the Chinese (Shanghai) into a 38 point end of day rally to finish up at +1.1%. The HSI never managed to trade above Mondays close; it finished off the lows but still […]

Protests are rising in Germany over the entire immigrant/refugee issue. This is the backdrop to the rumors running around behind closed doors in Berlin. Political rule #1 for an economic crisis: closing the borders for immigration in a downward economic trend leads to violence.

The latest rumor running around Berlin has Merkel resigning and Finance Minister Wolfgang Schäuble taking her place as Chancellor in the Berlin government. It has long been said that they would have to drag her out of office as she would never resign willingly. Nevertheless, Chancellor Angela Merkel is coming under a lot of criticism […]

  The major underlying trend worldwide is (1) whoever was in is now out, and (2) people will always turn against immigrants when the economy turns south. In Switzerland, we saw a turn to the right away from immigration. This will be the trend to emerge throughout Europe, especially in Germany. Canada turned left against […]

The Canadian elections are on par with the world trend – whoever is in office, throw the bums out. The election took place on Monday, October 19, the anniversary of the 1987 stock market crash. The Liberals in Canada toppled the Conservatives as many Canadians saw their Head of State, Mr. Harper, as a dictatorial heavy-handed […]