Showing 7609 Results for euro
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Showing 7609 Results for euro
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August 16, 2015
The general perception that Middle Eastern countries are flush with cash and deliberately try to keep oil down to harm Iran when it begins to sell is rather childish. Budgets rose and became bloated. Gasoline prices even rose in the United Arab Emirates (UAE). Dubai stocks fell to the lowest in more than two months, […]
August 15, 2015
QUESTION: Mr. Armstrong, Have you ever been wrong? ANSWER: On a personal level, of course. We learn from our mistakes, not from our successes. I do not understand why there seems to be such a personal focus on someone’s forecasts. The typical scammer offers some newsletter along the lines of “if you followed these calls you would […]
August 15, 2015
The devaluation of the Chinese renminbi (yuan) raises serious implications both economically and politically. The mere fact that a peg exists allows for political criticism, as if this were some currency war. First, China devalued the renminbi for its economy to remain on an even keel in an attempt to keep growth and employment high. […]
August 14, 2015
QUESTION: Marty, you have written many times how everything is connected and how in Asian culture that is the foundation of all understanding. Why is it so hard in the West to comprehend this fundamental concept? All the best GD ANSWER: I think it is all part of the idea that we can alter society […]
August 13, 2015
QUESTION: It seems as though the rally in gold is short covering? If it is, and all bottoms start that way, why is this not the bottom? Always read your work with great interest. Yours truly, JB ANSWER: Major lows are always short-cover rallies, but they are much more dramatic. Here we had gold struggling to […]
August 13, 2015
The gold promoters are trying to claim that China is understating its gold reserves because it is trying to confuse the markets about their clear ambitions to make the yuan a world reserve currency to challenge the hegemony of the U.S. dollar. The rally in gold was technical and a closing above 1109 should spark a rally […]
August 12, 2015
The Chinese revaluation of yuan has unsettled Asian equity markets and the obvious spread across the globe. The Nikkei and Hang Seng were off 1.6 and 2.4% respectively, which rolled over into Europe. The recent performance in both the DAX and CAC finished today and became the worst performers — down around 3.6% each. The U.S. market was also feeling the pressure with the […]
August 11, 2015
QUESTION: Mr. Armstrong; It is wonderful that you have come to India. I only regret that you are not conducting an open conference here in Mumbai. I appreciate that your trip is only to visit the biggest institutions here in India and that is great that they receive you to help our country. I wanted […]
August 11, 2015
The dollar rally and the devaluation of the yuan is not a fluke and it most certainly is not a one-time event. The dollar declined against the yuan for 19 years during the same timing that saw gold decline from 1980 to 1999. The major low on an annual closing basis at 2013 and 2014 was an outside reversal […]
August 10, 2015
The old idea that inflation is created by an increase in money supply has distorted the minds of many people. Inflation is caused by numerous factors for it is not a one-dimensional aspect. For example, the current bird flu has rendered half of the egg production to be worthless, which has sent egg prices soaring. This has nothing […]