QUESTION: Mr. Armstrong; I watched the film the Forecaster. I then read your plea. You simply said you failed to tell your clients that the bank took the money. How is that a crime? Then the bank pleads guilty, has to return the money, and you have no restitution. This all makes no sense. KR […]

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 […]

The US share markets are being driven up by two main factors. First, institutions have sold the market assuming there would be a major crash. In February at the lows, Goldman Sachs was forecasting that the market could plunge another 25%. In May, Goldman Sachs again was warning that the next crash will be worse because […]

Despite a positive opening in the Nikkei, that sadly was not to last and eventually finished unchanged on the day. Exporters were the initial driver of the strength on the back of a weaker Yen (high 111’s), however, a lack of any follow-through and lower peripheral markets, sentiment just drifted with the days volume. Shanghai […]

New fresh highs established in the US helped drive sentiment in todays Asian trading. However, this was not to last and most core indices tended to drift lower for the remainder of the day. The Shanghai index actually spent much of its day trading in negative territory. The PBOC also set mid point for the […]

There is an interesting piece running around the internet that someone has put together. Other than Lisa H. Barsoomian, the connections are true. Indeed, the characters in the play are all incredibly connected and it certainly appears that there is a deep and dark conspiracy against Trump. But this is not against Trump simply because they […]

QUESTION: It is so confusing. Hillary took money from foreign governments which is treason and that’s ok. Cohen pays two women to keep their mouth shut and that’s a crime? It seems that this is all one giant game to prevent any reform. They seem to select who to prosecute not because they did something. What […]

QUESTION: Dear Sir/Madam Thank you so much for what you all do. I was just reading today’s Blog 17-08-2018 –  ‘ Real Estate – Leverage – Transition to the Reset ‘.   The bit I did not understand was where it was written  ‘ Keep in mind that as the currency declines, then the repayment cost […]

Many people worry about over-indebtedness and point to a default of borrowers. It is interesting how the view of debt is always the low-life borrower. In reality, the real stupidity rests with the lender. Many are pointing to US corporate debt and stating that it has grown to an estimated US $ 7 trillion and they […]

A quiet start to the week in Asia, but the effects of China’s FX move are Friday is still being felt on core equity markets. The overhang of PBOC’s structural intervention in the off-shore FX markets continued today with the Yuan appreciating even more. The Shanghai exchange almost balanced this move with another decline today […]