Not a great session for Japan or the Hang Seng with both down around 1.5% a piece. Shanghai managed a better performance closing marginally higher having spent all day meandering around unchanged. The main talking point in Asia was again BREXIT and the GBP under performance so far. Setting another 31 year low (1.2795) concerns […]

FBI Director James Comey has been called before Congress to explain his recommendation tomorrow. After the Inspector General’s report and Comey’s rebuke of Hillary, the Democrats will be fighting really hard to protect Comey. This is no longer about the country — it is just politics as usual. Thank God, the under-45 crowd is starting to […]

QUESTION: Mr. Armstrong; Why did Comey not present this matter to the grand jury? Isn’t it the role of the grand jury to decide to indict or not? ANSWER:The rules for a grand jury have been altered to the point that they have been reduced to a rubber stamp. Nevertheless, FBI Director James Comey had to […]

Mainstream media is dying. Their biased coverage of the election will go down in history. Facebook’s latest announcement demonstrates how the younger generation (1) is not into party politics, and (2) does not trust mainstream media. Facebook will modify its News Feed algorithm to favor content posted by a user’s friends and family over content […]

Since the publication of the Panama Papers, the assets of the wealthy from around the world have been flowing into United States at a sharply increased pace. Tracking capital flows has revealed that capital outflows of liquidity from the EU have distinctly accelerated. The United States is definitively becoming the replacement for Switzerland. The IRS has even […]

I have received emails from people who claim global warming exists and I am in denial. To start, all of the studies that claim there is global warming end with the 19th century. The sun has a documented 300-year cycle between maximum and minimum energy output. It is a thermodynamic system, meaning the energy must fluctuate or […]

Confidence remains the key in Asia and that is what we remain in search of this evening as we watch global equity markets depreciate. In Asia China was in better shape having seen better than expected Service sector growth resulting in a 0.6% gain. This was only for the first half of the day as […]

To indict someone, the criteria is supposed to be “intent.” Comey has used that to pretend there is no evidence that Hillary “intentionally” erased anything. Comey also stated that Hillary’s lawyers erased her emails using a keyword search program and they did not “read” the emails. He added that he would not recommend charges against Hillary […]

Standard Life suspended trading in its UK property fund after reducing the value of the fund by writing down the value of property by 5%. This set off a wave if liquidation that resulted in the fund being suspended. The management clearly read the press and listened to the politicians way too much. It makes […]

QUESTION: Dear Mr. Armstrong, I am really confused regarding long-term interest rates – I had thought they were controlled by the markets – but it seems at time that the central banks control them by buying the governments debt. Can you shed some light on this? Can the central banks just keep printing and buying […]