The strong US session ran into Asia resulting in strong performances for both the Nikkei and Hang Seng. Both closing around 0.75% higher the main pull was from financials but this is just a rebalancing from the losses they suffered earlier in the week. China remains on national holidays and so we wait until Monday […]

COMMENT: You are wrong. The SDR will destroy the dollar as of October 1st when they include China. You will see. China will sell all its US Treasurys and buy SDRs. REPLY: Your very statement is totally absurd. The SDR is calculated simply by a basket of currencies including the dollar, yen, pound, and euro […]

It was inevitable that the Swiss market would turn down once it surrendered its banking advantage. The flight from the euro help to mask that decline and transformed it into speculation. Now in Switzerland, we have reach record highs for the past 15 years in vacant single-family houses and apartments reaching 56,518 according to the Federal […]

The Nikkei gapped lower and despite several failed attempts to rally finally closed down 0.7%. The JPY after hitting the 103.50 level has traded stronger throughout the European and US trading hours gaining over 100 pips and was last seen around the 102.40 level. The Nikkei futures has had the opposite reaction and has slide […]

Mario Draghi cannot possibly admit that he is dead wrong in managing the European economy. This idea that continuing to lower rates will somehow inspire people to risk it all is just insane. This is even coming from Goldman Sachs, which means nothing for qualification. The people in the elitist banking group think that power makes […]

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 […]