A very welcomed rally in the US found the desired effect upon Asia initially but sadly failed to install confidence required to convince and resulting in a mixed session. The Nikkei saw a healthy opening but lost momentum midway through the session. Towards the close we did see some buying interest which managed to close […]

QUESTION: I saw you at your presentation in Dresden last year. Things in the East are rather different from the West in Europe. Do you have any comments on this great divide? Thank you for coming to Dresden. KMV ANSWER: There is a great divide in Europe between East and West that is rarely, if […]

QUESTION: Mr. Armstrong; You seem often to be the guy with the level head when everyone else is losing it. Now we have this doomsday day prediction of the end of the dollar come September 27th to 30th, depending on the guru selling newsletters. They are focused on the IMF simply recalculating the SDR to […]

Secondary economic data in Japan coupled with slight dovish comments BOJ comments and the Nikkei started to drift lower. At worse the index was down around 1% but a lack of follow through volume saw a reasonable bounce into the close. Eventually, the Nikkei closed down 0.3% which, around mid afternoon looked very unlikely. The […]

Prime Minister Theresa May of Britain has made it clear that Britain will not accept retaining the EU free movement of EU citizens after the exit. Even traveling from Brussels to London, before BREXIT, they did not recognize Schengen Agreement for free travel. People fron Eastern Europe with a Shengen visa did not have access to […]

Hollande is running only around a 10% approval rating. Merkel’s CDU came in third place in her home state. Things are a moving and shaking as they say in Europe. Indeed, get ready for 2017 will be the tipping point in markets as a whole. The refugee crisis has indeed changed the face of Europe […]

We could be about to enter some interesting times as we settle back post holiday season. We are looking at a possible return to volatility especially after a clear message from the G20 that they are frozen in the headlights. Asia started us off with the Nikkei rallying, closely followed also with positive performances for […]

The International Monetary Fund (IMF) has warned at the G20 summit in Hangzhou, China, that in the face of crises, the refusal to reform how things are functioning will lead to economic weakness in the global economy. “The latest data show subdued activity, less growth in trade and a very low inflation, suggesting an even […]

Tim Cook, the head of Apple, said that the company may send billions of dollars back to the US next year in 2017 in response to the EU Commission retroactively changing tax deals. Apple struck a deal with Ireland and agreed to locate there for taxes. Now the EU Commission is saying individual member states may not […]

QUESTION: Mr. Armstrong, What comes first? The banking Crisis or the Sovereign Debt Crisis? Thank you for bringing our attention to these events OD ANSWER: The central banks are trapped. They can no longer even hope to sell the bonds they have bought in a vain attempt to stimulate the economy. So government can, in theory, keep their rates […]