With the exception of the Shanghai market today — IF we can excuse a 6.5% decline — most markets were well behaved, generally speaking. European stocks were off but only modestly and the Dow is slightly down after exceeding yesterday’s high. The U.S. dollar continued its stronger tone to Emerging Market (EM) currencies. Again, Russia […]

QUESTION: Dear  Armstrong, Your work is absolutely brilliant – Thank You. In your paper “a forecast for real estate”, your graph forecasts real estate trending down from 2015 till 2033. Based on this forecast will the real estate collapse begin in Australia after 2015.75? If so when will buying opportunities begin? In some of your interviews you mention that private assets will rise […]

Does China’s devaluation reduce the odds of the Fed raising rates? Some people assume that is the case. However, the Fed is in a box and unless they raise rates, the next crisis in pensions will wipe out far more than most people anticipate. True, everyone from the IMF to most other countries are begging the Fed […]

QUESTION: Mr. Armstrong, Have you ever been wrong? ANSWER: On a personal level, of course. We learn from our mistakes, not from our successes. I do not understand why there seems to be such a personal focus on someone’s forecasts. The typical scammer offers some newsletter along the lines of “if you followed these calls you would […]

The devaluation of the Chinese renminbi (yuan) raises serious implications both economically and politically. The mere fact that a peg exists allows for political criticism, as if this were some currency war. First, China devalued the renminbi for its economy to remain on an even keel in an attempt to keep growth and employment high. […]

QUESTION: Your launching of Socrates, coincident almost with a major change coming our way. All things are connected, and maybe the launching of Socrates is inevitable and factored in, as they say. But does Socrates affect the future -which it should surely do- and is it a good thing or a bad thing, or just another […]

The gold promoters are trying to claim that China is understating its gold reserves because it is trying to confuse the markets about their clear ambitions to make the yuan a world reserve currency to challenge the hegemony of the U.S. dollar. The rally in gold was technical and a closing above 1109 should spark a rally […]

The Chinese revaluation of yuan has unsettled Asian equity markets and the obvious spread across the globe. The Nikkei and Hang Seng were off 1.6 and 2.4% respectively, which rolled over into Europe. The recent performance in both the DAX and CAC finished today and became the worst performers — down around 3.6% each.  The U.S. market was also feeling the pressure with the […]

Confusion hits the markets as stocks, currencies, and commodities fall sharply across the region as investors fear a stalling Chinese economy and possible currency war despite Beijing’s assurances. We warned that this devaluation was NOT A FLUKE, and far too many people just misrepresent what is truly going on within the world economy so it comes […]

China devalued the yuan in what many think was a surprise move. What they do not understand is that this move is more than trying to firm up exports; this devaluation has a similar impact to raising interest rates to stem speculation. Foreign capital just lost 2%. I have stated before, the Bank of China […]