Despite weaker than expected Chinese Trade Balance stocks actually performed well on the back of PBOC rhetoric concerning the currency, taking it to its strongest level against the USD in almost a year (6.4935). It has however, weakened since China close and the off-shore was last seen in NY at 6.5200. Shanghai closed +3.3%, Hang […]

QUESTION: I assume you have studied this hunt for money government goes through. Has it always ended in the collapse of government?

Today’s rally in the Nikkei must have been a huge breath of fresh air for the BOJ (Bank of Japan). After opening 2% firmer the market went from strength to strength with good volume it eventually closed +7.1% on the day. Banks regained some of their losses from last week with SMFG, Mitsui, Mitsubishi UFJ […]

  QUESTION: Mr. Armstrong, What does your program tell us about cycles of peace? Respectfully, SP ANSWER: Of course. The Cycle of Peace is the counter-trend of the Cycle of War, and like the Cycle of War, it is linked to the economy. War turns up when the economy turns down. I have always said when we are […]

COMMENT: Dear Martin, The hunting for taxes is a non stop game in Portugal. Now, the new government, decided to increase fuel taxes as they said because “oil price is going down and government is getting less VAT due to lower prices.”. This was THE OFFICIAL government explanation to add a special tax on fuel! […]

The Nikkei re-opened after yesterday’s public holiday but again was sold from the open. The key banks suffered yet more liquidations eventually closing Mitsubishi UFJ -2.3%, SMFG -4.1%, Mizuho -3.7% and the main Nobel House (Nomura) was down 9.2%. Exporters also suffered Toyota, Nissan and Sharp all down between 6 and 10%. The Nikkei closed […]

It must feel like there is no end in sight for the Japanese stock decline as futures continued their decline despite the cash being closed for a public holiday. We did see the return of the Hang Seng with a -3.8% decline after celebrating the Lunar New Year. Again, oil was the top “excuse” having seen […]

QUESTION: Marty, at the Conference you said we could conclude this in the first quarter if we get the alignment. It does not look like we will get the alignment since gold is up and the Dow is down. This is why you have been saying this looked like it was postponing into 2017? ANSWER: […]

The fuse has been lit. The world economy is in serious trouble and we have the worst possible people at the helm. You have Obama who wants to double the funding for the SEC and CFTC to go after the banks because he smells blood. He also wants to add a $10 tax to oil […]

The Nikkei was again under pressure with the Index closing down 2.4% with financial leading the pack. Shares in Mitsui, SMFG and Mitsubishi UFJ were all down between 4 and 7% on the day. Investors and the street all voicing concerns about the potential profitability given the BOJ’s vision of negative interest rates and the surge […]