If you ever needed proof that government is collapsing, here it is live and in full color. Freshman Congresswoman Alexandria Ocasio-Cortez (D-N.Y.) was just placed on the House Financial Services Committee. Who is the Chairperson? None other than the controversial Maxine Waters (D-Calif.). We now have two people with absolutely NO expertise in this field going to […]

A weak start to the week for Asia probably reflecting China’s poor trade data. This mornings data was the lowest in two years and raises concerns of an accelerating global slowdown. The data also posts a 17% increase with the USA, but also worth mentioning is that imports are over 15% lower from Germany too. […]

If you ask in Europe are people happy with the Euro, you will generally get a response of about 80% in favor. Even if you ask are people happy to be part of the EU, the majority over 90% will say yes. The curious thing is they buy this propaganda that on the surface Europe […]

As the market waits for any headline materialising from the US/China trade talks, most Asian equity indices tread water. We did hear positive rhetoric from US Commerce Secretary Wilbur Ross that an agreement could be reached, but despite supporting market momentum more would be required. Tech and utilities have been leading much of the advances, […]

QUESTION: Sir, Listening to the WEC 2018 recording this weekend, Mike Campbell made an interesting sideline comment. He stated that pension funds were heavily invested in real estate. Is this just Canada or the US as well? If taxes go up will this further push the pension funds over as well as the emerging markets? If […]

The initial headline that US and China plan to reconvene talks next week, was all it took to start the stock market bounce. However, added to this was that China lowered the RRR (Reserve Ratio Requirement) by 50bp initially then another 50bp later and that helped Europe to perform. Japan’s Nikkei (-2.25%) hit by commodity […]

The USD was the figure of attention overnight for Asia as it surged against the Turkish Lira, Euro, Sterling and the A$, but saw short-covering stops taken on the Yen. The warning heard from Apple over its Asian sales forecast and growing concerns for global growth triggered the sudden safe-haven flurry into the Yen. Obviously, […]

  While the BitCoin people have hated me for not agreeing with them that a private currency could displace the currencies of all nations and BitCoin would be the new “reserve currency” killing the dollar, to me they are in serious need of help. They have ZERO comprehension of governmental power and ZERO understanding of what […]

Emerging market and developing economies pushed their borrowing to an all time record high reaching $55 trillion (€50 trillion) according to the World Bank, marking an eight-year surge that is the by far the largest, fastest and most broad-based debt increase in nearly five decades. Over $200 billion of USD-denominated bonds and loans issued by […]

QUESTION: Hello Mr Armstrong I would like first to thank u for all the good information u give to us i have just a question : why do u write the fed need to increase rates to save the us pensionneers Not realy clear for me ( and maybe a lot of people) Thanks again […]