QUESTION: Mr. Armstrong, you have said that the Pi cycle shows up everywhere in finance. I have looked at the charts you posted in the Roman Empire. Has this had a major impact in modern times aside from your Economic Confidence Model? ANSWER: Of course. Just look at Roosevelt’s 1934 confiscation of gold. Add 31.4 […]

First of all, someone is claiming that I put out some recommendation on DUST. I have NEVER recommended such an ETF and this appears to be a deliberate attempt to mislead people. You can search this blog; I have never made any recommendation involving any specific ETF. The motive behind this scam is curious to say […]

A definite Christmas theme today with most markets meandering into the festive season. Japan was closed for annual holiday (Emperor’s Birthday) and many markets were on half-day (Hong Kong, Singapore, Philippines and Australia). The PBOC set mid-point for the Yuan at 6.4731 but saw the market push it to 6.478 (don’t forget the range can […]

Asia returned a quiet lacklustre day’s trading on Tuesday with Toshiba alone being the reason the whole market had edged lower. The stock sank an additional 12.3%, extending Monday’s 9.8% decline having stated it is expected to post a 550B loss in yen ($4.54Bln) for the fiscal year. In Shanghai and Hong Kong, we saw marginal […]

  QUESTION: Mr. Armstrong, have you ever heard of a short lived Wörgl Experiment in Austria? It was shut down by the Austrian Central Bank they say because it was successful. Have you looked into this experiment they claim defied deflation and inflation? ANSWER: Yes. This was by no means an isolated instance. True, it […]

In Asia, the Nikkei opened heavy on the back of a weak U.S. closing on Friday. The continued sell-off in oil prices also gave up ground after Toshiba’s stock declined 9.8%. Meanwhile in China, reports were running around the street that additional stimulus were soon to be announced and encouraged a firmer Shanghai Exchange (+1.7%). […]

  QUESTION: Marty, Regarding the brief clip of Larry Summer’s opining on why economic declines are hard to predict, I was struck by the 2nd part of his explanation, which seemed to me to indicate that economists would not want to forecast a decline (even if they could) because it would set expectations of a decline […]

QUESTION: Mr. Armstrong, at the conference you said the US share market would continue to move sideways and there will be no breakout to the upside until 2016. After Fridays action I assume this is still on target. Where is support this time? Curious ANSWER: The key support lies down at 16887. We need a weekly closing […]

It was not just the large/last option expiry, but also the Friday before Christmas (the biggest party night of the year) when the Bank of Japan supplied an early headache to the markets as they announced additional QE — despite leaving rates unchanged. We heard of two major announcements this morning, one being an extension […]

The Investor level of Socrates is now available! For the low price of $10, users may sign up for a 30-day trial to familiarize themselves with the site. After that time, users will have the option to sign up for an annual subscription in the region(s) of their choice for $150 per region. The three […]