QUESTION: Mr. Armstrong; You have indeed sparked my curiosity. With both the velocity of money and the trading volume declining since 1998, this seems to be a very dangerous position and your work is really eye opening. I read your Transactional Banking and it seems that this has changed everything for the worse. Your Big […]

  The TTIP proposal is bought and paid for by the banks. Pick up the rug and you will always find the dirt. The USA has been fining European banks for vast amounts of money. The New York banks, especially Goldman Sachs, is shaking like a leaf at the thought that they could be hauled into European […]

QUESTION: Everyone in the gold industry says you are wrong. The stock market will crash by 90% and gold will soar. Will you address that scenario just once? ANSWER: I have answered this frivolous question countless times. This is the most bearish rally in stocks ever. That is why the stock market has kept rising. […]

The biggest problem with analysis is that we are all human. Anyone who expects someone to forecast the economy or markets based upon their personal view is just out of their mind. Nobody can be consistent for we are all human and make mistakes. The only possible way forward is to achieve a quantified model that correlates everything to […]

QUESTION: Mr. Armstrong, who would you recommend Trump asks to be his Vice President? ANSWER: If I were Trump, I would ask Bernie Sanders to be vice president and really stir the pot. The two have one major thing in common: Goldman Sachs says they are dangerous. Hillary can claim she is the only one with […]

Protests broke out in Greece over the weekend in Athens and the northern city of Thessaloniki. The government is yielding to Brussels and has not figured out that this policy is destroying its own people and their future. The government passed reforms that they hope will persuade lenders to release more financial aid. They are cutting […]

It was a solid day all around the globe which was a little surprising given most markets backed away from yesterday’s gains late in the day. China’s data was marginal given what had been expected, but the positive momentum, strong oil, and a reviving commodity sector made everything feels sunny again. The Nikkei has recovered […]

QUESTION: Marty; Are you saying that Bill Gross is wrong and they will not try “helicopter money” again or that “helicopter money” will not stimulate the economy? ANSWER: Whether or not the Fed tries to apply “helicopter money” is highly debatable. Bill Gross DID NOT make a forecast that any QE (Quantitative Easing) would be successful or […]

QUESTION: Mr. Armstrong; some people say you are wrong because the Fed did not create “cash,” but rather made more debt available through the QE process and whether people hoard money is irrelevant. I do not agree with this statement for the Fed clearly bought bonds, they did not create debt. It seems some people have […]

A relatively quiet night in Asia with China PMI (51.8%) marginally under the April  52.2% reading. Although this had a short-term influence just ahead of lunch but it really did not alter the bounce and we closed the session marginally better. Hang Seng however, was lower on the day closing down 0.37%, which actually was not a bad […]