Asian markets focused in Wall Streets rally and especially as trade concerns appeared to have faded for now. We saw another solid day for Shanghai (+0.5%) but sadly the Hang Seng was unable to join the party. It looks as though the tech sector is failing the HSI, but then it has been the star […]

COMMENT: Dear Mr. Armstrong, The weather, politics, and life in general is getting a little more skewed month by month on the planet—and like everyone else in history who has experienced cyclical highs and lows, I sure wish I’d been able to skip this cycle altogether— I’m 64 and really trying to keep realistic and not […]

The mood appeared constructive in Asia today mostly following on from the late US rally Friday. Lack of any damaging weekend headlines has proved to be a relief and the markets have reflected it. China showed its reserve today with the core Shanghai index climbing over 2.5% and equally impressive, closing at the highs of […]

QUESTION: Were the Crusades inspired by economics? You mentioned how Venice looted Constantinople. Thank you for making history interesting KR ANSWER: To understand the Crusades, we have to first look at what was the original justification. The Catholic Church encouraged pilgrimages from the 4th century, but they began really during the 1st-2nd century and built in […]

Gold rings were discovered in Ireland and they seem to be uncertain about their original use. The Celts did not create their own coins for many centuries. They used ring money which is commonly found throughout Europe, north of Italy. Celtic ring money is typically bronze. However, it is known that the Minoians sailed into […]

  Another weak session for Asia even as some markets did attempt a bounce. The mood in general remains negative with core China Shanghai down another 1% today as the US/China tariff issue possibly are enacted Friday. China has already publically stated they will respond and not be proactive, but the benefit of the time […]

The question of money supply and inflation has been erroneously set in stone philosophically predominantly by the debasement of Spain and Britain during the period of Henry VIII. This was really a period where there were various countries and their currency completely relied on the exchange market in Amsterdam, which was based entirely upon their metal […]

We expected a quiet day today with the US being out, but just didn’t quite realise how quiet. In Asia the major talking point was the Yuan and the verbal intervention witnessed earlier today. This diod help the currency recover to the mid 6’s (6.6313), having hit its one year low early yesterday. The Yuan […]

QUESTION: It seems that the Democratic Party is turning really socialist. The DNC Chair Tom Perez said the Socialist Ocasio-Cortez is the “future of our party” and it seems they just ignore the socialist path in places like France which you pointed out their stock market peaked back in 2000 and has not participated in the […]

I have been warning that there are no rules when it comes to the greed of government. Throughout history, the ideas behind taxes keep popping up in slightly different ways. For example, your freedom to travel can be suspended and your passport revoked if you owe the IRS more than $50,000. In Ancient Rome, it […]