Our Target for a turning point was February and that may indeed produce the highest monthly closing. The intraday high came on March 1st, but looking forward we are due for that correction we warned going into the April/May time period. The talk seems to be concern that Trump is being attacked on all sides […]

Apparently, some people have discovered the Exchange Stabilization Fund and are now touting this as some major power in manipulating the world economy. This is simply an emergency reserve fund of the US Treasury Department, which is typically used for foreign exchange intervention. This arrangement really goes back to the birth of the G5 and is […]

The weaker USD was blamed for the rally seen in Asian stocks today, with many also saying it was about time! The mood within Asia certainly feels nervous and even with the BOJ press conference, the trend remained to purchase Yen as a safety option. Towards the close of the US session however, after a […]

QUESTION:  Dear Mr. Armstrong, as a daily reader of your blog I noticed the recent comment on the norweigian real estate market. You wrote that it was capital flight from the eurozone that made the prices go higher. Parking, not speculation, It seemed, in the light of everything, as a very natural development. As the […]

QUESTION: Do you think Trump is really a racist? I do not quite understand this. It seems like this has been manufactured simply because of his travel ban. Can you shed some light on this? Do you think Trump will really make a difference? Thanks MW ANSWER: There is no evidence that Trump is a […]

This is the year of political hell. The question is not about supporting one side or the other. This is a time that calls for us not to be small petty creatures but a case that requires rational human beings, which seems to be more impossible with each passing day. Never did there arise a […]

I have warned that rates will rise BECAUSE the Federal Reserve will be criticized if they fail to do so when they are faced with a stock market that is rising. However, while one by one, several Fed officials have all signaled in recent days that the Fed is ready to resume raising interest rates […]

QUESTION: Mr. Armstrong; My family have been lifelong democrats and operated a small local business. We were never in the multi-million dollar class, but always found ourselves considered to the the unholy rich. I remember Joe Biden saying that 90% of small business made under $100,000. Those are most likely individuals and not small business […]

The debt deal struck by President Barack Obama and the then House Speaker John Boehner back in October 2015, was done purposefully to ensure that the debt crisis would not unfold under Obama and the Democrats.  John Boehner never saw a government role of red tape he never cherished.  The debt deal was absurd that […]

COMMENT: Marty; Some people are trying to claim that China in bypassing the Swift System, they are undermining the dollar. The latest absurd statement is that Japan will bypass the dollar and SWIFT System to transact using China’s CIPS system in inter-bank settlement. I really had to laugh at how ignorant this statement is for it […]