QUESTION: Marty; I just wanted to comment that I am amazed that Socrates forecast the ruble through this mess showing a directional change in April leaving the March low intact. The ruble turned with your ECM target of March 14. Congrats. Your accomplishment is worth a Noble Prize for it actually works. Nobody had correctly […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 313.48 points or -1.17% to 26,386.63 Shanghai increased 71.86 points or 2.49% to 2,958.28 Hang Seng increased 11.65 points or 0.06% to 19,946.36 ASX 200 decreased 56.80 points or -0.78% to 7,261.20 Kospi decreased 29.25 points or -1.10% to 2,639.06 […]

Once upon a time, I use to respect The Economist. I even took the back cover in July 1985 to announce that the Economic Confidence Model was beginning a new 51.6-year Cycle that was a Private Wave that would ultimately peak in 2032. I boldly announced the bottom in gold and the peak in the […]

ASIA: Finance sector professionals in Shanghai are preparing to move back to Hong Kong and other offshore centers after spending only a few years in the Chinese city as a harsh COVID-19 lockdown has hurt their business prospects and upended daily lives. Thousands of bankers, traders and investors in the financial hub of the world’s […]

QUESTION: Mr. Armstrong. I am confused because you have stated many times that we are approaching the end of globalization, while at the same time saying the Great Reset, which is full globalization, is coming. Please explain. Thanks for your blog. JS ANSWER: Schwab’s Great Reset is the ATTEMPT to create a one-world government. Nonetheless, […]

ASIA: Stocks in Hong Kong slumped and those in mainland China tumbled by the most in more than two years as Covid-19 outbreak spread to Beijing with some areas in the capital coming under lockdown, heightening economic losses. The Hang Seng Index sank 3.7 percent to 19,869.34 at the close, its lowest level since March […]

ASIA: Singapore’s economy grew 3.4 percent year-on-year in the first quarter of 2022, according to advance estimates released by the Ministry of Trade and Industry (MTI). This marked a slower pace than the previous quarter when the economy expanded 6.1 per cent. Economists polled by Reuters had expected growth of 3.8 percent. The slowdown in the first quarter was largely […]

ASIA: Tata Steel will stop doing business with Russia, India’s largest steelmaker by revenue said on Wednesday, making it the latest global company to cut ties with the country for invading Ukraine. Tata Steel is among only a handful of Indian companies that have halted business with Russia, with the move coming even as India […]

ASIA: OPEC’s share of India’s oil imports for the 2021/22 financial year remained almost flat year on year, arresting sharp declines over the past six years, as refiners snapped up short-haul crude from the middle east to counter rising global prices. Total crude imports by the world’s third biggest oil importer and consumer rose by […]

ASIA: China’s economy grew 4.8 percent in the first quarter, the National Bureau of Statistics said Monday, warning of “significant challenges” ahead as a resurgence of the coronavirus threatens Beijing’s ambitious annual target. China’s gross domestic product growth was better than expected at 4.8 percent on-year in the first quarter, said the NBS on Monday, […]