We saw some solid gains in Asian Equities ranging from +0.5% (Hang Seng – highest close since the summer) up to the impressive 1.5% from the Nikkei. Generally, confidence in Asia is creeping back-in but dealers are saying that is only as long as the Shanghai Index remains above the psychological 3k level (closed today at […]

QUESTION: Mr. Armstrong; Thank you for coming to Athens. After the presentation, there were so many questions that the moderator did not have time for. You answered some for the crowd afterwards that I had never heard anyone ever explain. You said Quantitative Easing was not money printing nor did it really increase the money […]

Merkel is up for the Nobel Peace Prize. Her actions regarding immigration have some wondering if she is trying to get that prize or if she is doing what is best for Germany. The Arab countries are not taking in any refugees; they are happy to send them off to Europe. So if their own are […]

Asia was indifferent; Europe was small positive, but it was not until we saw the Fed minutes and McCarthy announcement did stocks decide to make a definite move higher. The Dow closed above 17k for the first time in a while, with the talk of no rate move (for 2015) and the likelihood of continued uncertainty. The Fed minutes […]

The Slovak Prime Minister Robert Fico has stated bluntly that the EU must stop the influx migration of refugees or Slovakia will exit the EU. The refugee issue is tearing Europe apart. Latvia refused to accept the number allotted to them by Brussels.

The other side of 2015.75 is not going to be pretty. The German industrial production report dropped 4% from July to August versus an expected decline of 1.5%. This is a hugely alarming month-on-month drop, which happens to be the largest drop in the past five years. This new revelation is shocking since there was […]

The day for equities peaked in Europe with most core markets up around 1%. The US changed the mood early in the session as the Biotechs took their toll on the NASDAQ and within a short time the index was 1% lower. Main talking point was the weakness of the US Dollar and the recovery […]

The BBC reported that NATO has issued a warning to Russia calling for an end to its air strikes that are targeting U.S. trained forces who have been trying to overthrow the Syrian government. Quite frankly, the U.S. policy to get rid of Assad because he is supported by Russia is absurd and seriously risks international war. Even if […]

The market reaction to the U.S. data on Friday has confused many with both stocks and bonds bouncing into the close. Overnight, the Asian equity markets have continued the positive response. This has also carried into the European opening but interestingly only for equities. In the reaction in the bond markets, we have seen U.S. 10s remain just […]

QUESTION: Mr, Armstrong; I recently read an article claiming to be a case study that it was somehow the French hyperinflation that led to the revolution. It seems that as you say they are again mixing facts to support a rise in gold with hyperinflation. I am a collector of French monetary history and the paper […]