I attended the premiere of The Forum last night and got to meet those “elite” they spin such conspiracy theories about. Interestingly, the film will be released to the general public on the turning point of the ECM – January 18th, 2020. Most people have no idea that the World Economic Forum, which Nigel Farage […]

ASIA: China has suspended a visit from the US Navy in Hong Kong after last week’s passing of the bill which requires the US to annually monitor Chinas compliance with human rights issues. China did manage to retaliate by placing sanctions on a few US human rights groups. “We urge the US to correct the […]

ASIA: The US signed the Human Rights and Democracy Act into law, which requires the US to continue to monitor Chinese actions regarding Hong Kong citizen’s rights and freedoms. China issued the US a stern warning that if it continues to support a pro-democracy movement in Hong Kong, they will take “firm counter-measures.” The Chinese […]

ASIA: Chinese economic news today showed that industrial profits have had the biggest fall since 2011 in October. The trade war is the obvious culprit here with the global economy turning down. The industrial profits are down 9.9% year-over-year, and down 5.3% from September alone. US President Trump announced that he and President Xi of […]

ASIA: Top US and Chinese negotiators held an agreement this morning regarding the trade war. The Chinese commerce ministry said they have reached a “common understanding.” They also jointly stressed that they are working on resolving core issues of common concern, and that communication will be open for the remaining issues related to “phase one.” […]

ASIA: The recent elections in Hong Kong have given a landslide victory to pro-democratic parties. However, Beijing reiterated that Hong Kong will always be ruled by China. The foreign minister said at a G20 meeting in Tokyo, “No matter how the situation in Hong Kong changes, it is very clear that Hong Kong is a […]

QUESTION: Hi Mr. Armstrong. I’ve learned more reading your blog last 4 years than working in finance for 20 years. As you say, the average employee in finance hasn’t got a clue about what’s going on. Question: There’s one thing that has bothered me for a long time; uncertainty about numbers regarding GDP, unemployment and […]

  ASIA: Chinese President Xi has said that he wishes to avoid a trade war with the US. However, he expressed if pushed too far he is willing to retaliate. “We want to work for a ‘phase one’ agreement on the basis of mutual respect and equality,” Xi told members of an international forum. This has […]

ASIA: China dismissed ‘external’ rumors about the progression of the US-China trade deal, a Chinese ministry spokesperson has said. Reuters reported that the well anticipated “phase 1” of the deal may not be completed this year, as there are more demands from both sides. The US passed a legislation that will require the US to […]

ASIA: The Peoples Bank of China cut its one-year and five-year loan prime rates by 5 basis points. Yesterday, the central bank ordered banks to use the lowered rate to help bolster the economy. The new rates are 4.15 % for the one-year and 4.80% for the five-year, with the growth rate of China hovering […]