Asia: With most of Asia closed due to the Chinese New Year (many wishes again!), Japanese was subject to represent the region. The Nikkei 225, dropped 19bps today. German Chancellor Angela Merkel recent trip to Japan highlighted a concern with Huawei that data emanating from the EU must not be handed over to the […]

The rally in gold and the stock market together is demonstrating that eventually, we will see the alignment as it transforms from Public to Private assets. The most deranged reaction to the Federal Reserve saying they will be “patient” on any further rate moves, is just beyond all reason. But markets are not always rational […]

QUESTION:  Martin. Do you give credence to the work of … ? Can’t government pension funds be privatised or sent to open market? Thank you. NM ANSWER: No, I do not. The problem is far more complicated. First, you clearly have tremendous losses already. If you privatized the various government pension funds, you then have […]

QUESTION: Mr. Armstrong; I have been reading your blog for years now. It is obvious that you are well connected behind the curtain. It did not take but perhaps a day or two after you explain the difference between wealth and income to suddenly see Elizabeth Warren adopting the position to impose a wealth tax […]

Asian markets had already had a taste of the IMF outlook, but today the Bank of Japan again trimmed its inflation forecast and that hurt the Yen. Having already suffered the weekend headlines, todays price action tended to drift in light volume even as the Yen touched the 110 handle. Eventually, the Nikkei closed with […]

There is an undertone lurking behind the rise of Donald Trump in the US, the Brexiteers in the UK, Marine Le Pen in France, political re-alignments in Denmark, and the election of Jair Bolsonaro in Brazil. Additionally, there is the change in governments in Mexico, Malaysia, and the civil unrest in Romania. They are all joined […]

The economic slowdown, voiced now by the IMF, has had an understandable impact on the Asian markets today. Probably the result of the weekend Chinese data, but at any length we now have a nervous market that is back looking for the bid! The Japanese Index is retreating from a one months high with dealers […]

Much had been talked about last week about the slowdown in China and on Sundays release we finally saw the latest. China GDP released at 6.4% but industrial output beat expectations. Both domestic and regional markets took this news as positive, as it tends to reflect a manageable slowdown rather than the feared ‘hard-landing’. Both […]

Gun sales in Germany have soared because of what they call the “Rapeugees.” Three years ago, more than 2,000 German girls were raped/sexually assaulted on New Year’s Eve in several German cities. Then a leaked document surfaced reporting that 2,000 men assaulted and raped 1,200 girls across Germany on New Year’s Eve in 2015/2016. Initially, there was dead silence […]

This entire affair of desperately trying to paint Trump in league with Putin to defeat Hillary is beyond any comprehension.  Not a single left-wing press from the New York Times to CNN will ever report the truth that the release of Hillary’s emails NEVER involved altered or forged documents. They were all REAL! So this entire conspiracy they are […]