Interesting that China markets remain heavy even whilst the Nikkei managed a bounce. Both Shanghai and the Hang Seng suffered over 1% losses today. Obviously, President Trump mentioning of an additional $267bn late last week didn’t help matters and that continues to nerve a broader audience again today. We continue to see money leaving the […]

COMMENT: Marty; Did you know that your site is listed in the top 20 economic sites in the world? You are in the top 20 with Wall Street Journal, Bloomberg, London FT, and even  Brookings Ben Bernanke’s Blog. The rest of the list includes the Economic Policy Institute, Economics & Statistics Administration, and The Berkeley Blog Business & […]

Monetary History of Byzantium JOHN VIII 1423-1448 John VIII Palaeologus (1423-1448AD) was the eldest son of Manuel II Palaiologos and Helena Dragaš, the daughter of the Serbian prince Constantine Dragaš, who he succeeded as Emperor. In reality, the Byzantine Empire amounted to just the city of Constantinople by this point in history. He was associated […]

QUESTION: I know you do not support Trump as an individual. It seems most Americans cannot look at this political crisis as detached as you do. They seem to think anything that says Trump is correct is interpreted as total support for Trump. From the other side of the pond, it looks like Americans have lost […]

Another weak day across the board, starting in Asia and spreading west. There are ongoing concerns about emerging markets and the additional leverage being used almost everywhere. Much of this is being extended through the tech sector and that is what hurt the Hang Seng today. Closing down 1% it has also had a negative […]

The uncertainty continued from the US back into Asia this morning resulting in more Asian selling. Although core Chinese markets are light on volume, the concerns of sudden price discovery is the fear running through all emerging markets. We saw a flicker of this today when the Shanghai declined over 1.7%, but the Hang Seng […]

QUESTION: Mr. Armstrong; Our government here in Argentina has told us we should expect more poverty and there is no hope for the future. Socrates has been amazing on its forecasts on our currency. There are enough of us down here who would sincerely ask would you consider advising Argentina to straighten out our economy […]

For much of the day, Asia was trading flat to a touch weaker. However, the core recovered into the close with renewed confidence that US and China would soon settle Trade uncertainties. Of course, these were only domestic rumours, but the news proved optimistic enough for an afternoon rally. Both Shanghai and the Hang Seng […]

Foreign investors have been withdrawing on a large scale from British government bonds since July when the Conservatives seems to be splitting. Bank of England data released revealed a net outflow of £17.153 billion from foreigners in July, the largest since records began in 1982, Reuters reports. Even in June, there was still net capital investment […]

There are way too many cryptocurrencies out there and even if we accept the theory that ONE will survive and become mainstream, what happens to the rest? This is the great unanswered question. You certainly cannot replace the dollar and central banks with thousands of currencies. We tried that once when Andrew Jackson revoked the […]