Hillary Clinton & Michael Bloomberg at the Goldman Sachs new building construction Former Mayor of New York City Michael Bloomberg had the audacity to deliver a speech at the Democratic Convention saying, “There are times when I disagree with Hillary Clinton. But let me tell you, whatever our disagreements may be, I’ve come here to […]

All eyes were on the BOJ, and even though they disappointed many, after a turbulent trading session the Nikkei index closed higher. No easing, no additions to the money base, no further purchases of JGB’s, commercial paper or REIT’s but they did almost double the ETF purchase programme from JPY 3.3tln to 6tln. Stocks did not know what […]

More talk that the expected that the Japanese stimulus package could exceed the JPY 20tln and could even be as large as 28tln boosted the Nikkei and sent the Yen back to 104.50 level. Rumours have been circulating for a while and even yesterday stories were that the package would only be a fraction worried the market yesterday resulting in the 1.4% loss. […]

  Even though we have two central banks announcing rate decision this week, in addition to Tuesday being one of the busiest corporate reporting days of the year and hearing from the G20 at the weekend, this week looks to be one of the quietest! Asia had no reaction to anything emerging from the G20 […]

We saw a bit of a wobble today in Asian cash markets after BOJ governor Kuroda dismissed the idea of helicopter money and following a weak US session resulting in 1% declines for the Nikkei, Shanghai, and a small loss (-0.2%) in the Hang Seng. Oil didn’t help sentiment having lost 2% yesterday and no sign of recovery today as we head […]

Those in the establishment are truly beside themselves. People like Jon Stewart are bashing Trump supporters saying, “You Don’t Own America,” which means only one thing — shut up and let the rest of us control government as we always have. The Trump supporters are the main backbone of America who have been ignored, lied to, and abused in […]

The US Department of Justice has arrested Mark Johnson, who was the global head of foreign exchange trading at HSBC, and a former colleague, Stuart Scott. The two traders were accused by the US government of using inside information to profit from a $3.5bn currency deal. Of course, inside trading only is a crime in […]

Japan finally saw a down day (-0.25%) that could be allocated to the individual performance of Nintendo shares, which declined over 12% today due to the delayed launch of the “Pokemon Go” app in Japan! However, the Hang Seng did return a nearly 1% gain today with Shanghai having a small loss, which was a […]

QUESTION: Mr. Armstrong, why are Italian banks in worse shape than most other countries. What happened to the bail-in program of the ECB? Can you explain why Italy is threatening the entire banking system of Europe? ANSWER: The bail-in policy of the IMF and ECB was directed at the idea that the rich would pay, […]

COMMENT: Mr. Armstrong; I was against BREXIT. I understand your view that Britain would be dragged under by the turmoil in Europe. I assume this is just your opinion on that matter. Are you contradicting yourself here? REPLY: No. It is not my “opinion” that perhaps Britain would be sent into an economic decline with Europe. Britain has […]