Not such a convincing day today for Asia as Shanghai and Hang Seng returned yesterday gains, whilst the Nikkei and ASX added to the move. Both the mainland and HSI attempted gains but were quickly rejected soon after the open. These moves have reversed only some of the recent gains but probably expected ahead […]

  I have been warning that we are in the midst of (1) collapse in democracy as the bureaucracy attempts to ensure they get their’s, (2) the collapse of socialism, which is the implosion of social programs, and (3) the collapse of pensions set in motion by the artificially low-interest rates for the past 10 […]

The Global Warming Conspiracy is desperately trying to destroy the world and end modern society as we know it. Of course, it is California countries who have argued in court bringing a lawsuit against Exxon and others claiming that by 2050, their towns will be destroyed and under water because of the fossil fuels. Exxon has […]

We saw a mixed session in Asia which is not so surprising having seen a total reversal of US stocks gains in the final hour of trading. Yesterday’s 300 point gain ended with a 167 point decline proved the uncertainty Asia really didn’t need. The Yen continues to be the harbor of safety gains on […]

I have warned continually that the Sovereign Debt Crisis will unfold not so much by people selling government debt, but by the lack of people buying new debt. The greatest peril is when there is NO BID for the new issues because all governments are operating a PONZI scheme. They sell new debt to pay off maturing debt. […]

While the stock market crashed as the pundit looked in their bag to try to come up with an excuse, they blamed rising inflation and interest rates. Yet, nobody is really paying attention to the underlying trend. The cost of carrying debt has been rising gradually and there are noticeable measurable impacts that the pundits are […]

On the whole a positive session for Asia with the Hang Seng probably the stand-out performer on the day. Closing up almost 2% gains were led by financials, bouncing after yesterdays nerves, but also a strong performer were energy/chemicals and property sector’s with Country Garden (+5.6%) and China Petro-Chem (+3.7%). Shanghai market remains closed for […]

Yesterdays enthusiasm could not be sustained in such thin volume and so it was with HSBC’s earnings miss that returns the fear! The Nikkei took much of the steam and consequently returned 1% of its recent gains. The finance sector was heavy probably responding to HSBC’s worries as most of Asia watched their shares decline […]

The Japanese government once again reduced its holdings of US government bonds during December 2017. In total, Japan sold bonds worth $ 22.5 billion. This is not a huge amount. Nevertheless, this puts the total stock of US debt at about $ 1.06 trillion, which is the lowest level since 2012. Japan used to be the […]

QUESTION: Hi Mr Armstrong, I have read somewhere that you think that interest rates will go up higher than expected and at faster pace. I don’t understand its relations with bonds. Also your opinion seems to be in clear contrast to everyone else who thinks it will go up slowly over the next few years. If […]