Unusual Snowfall in February 2018 that Reached Down to Rome COMMENT #1: Mr. Armstrong; It was snow flurries here in Rome already. This looks like a bitterly cold winter this year as you said. Roberto COMMENT #2: Marty; I live just down the street from your old place in Kensington. It is snowing already. […]

  Monetary History of Byzantium   Andronicus II 1282-1328AD Andronicus II Palaeologus (b 1260; 1282-1328AD) was the son of Michael VIII Palaeologus and it was during his reign that the Byzantine Empire declined to the status of a minor state under siege by the Ottoman Turks in Anatolia and the Serbs in the Balkans. This is […]

Monetary History of Byzantium   Manuel II Palaeologus (1391-1425AD) Manuel II Palaeologus (1391-1425AD)  ruled what was left of the Byzantine Empire as it was entering its final phase near the closing decade of the 14th century. The Byzantine empire was a dying state. Upon the formal coronation of Manuel II in 1392, the downfall of […]

QUESTION: Mr. Armstrong; Do you agree with Trump that if he canceled NAFTA, the United States would be better off? SN ANSWER: Ironically – YES from a jobs perspective, not the consumer. What you have to understand is that these trade deals are all nonsense. They are NOT Free Trade in the least. They are […]

Another negative day for Asian stocks as concerns over US/China trade wars and emerging market jitters continue. The timeline pasted for additional US sanctions which caused a small up-tic in prices ahead of the US numbers and the weekend. The Hang Seng managed an almost unchanged close, whilst Shanghai recovered much of the mornings levels […]

QUESTION: Mr. Armstrong; I take it your concern over Trump from the market perspective is the sheer uncertainty that is evolving. How do you see this playing out for the world economy? Thank you. I agree. These people who hate Trump just hate him so passionately. MRU ANSWER: Markets do not like UNCERTAINTY. These people […]

QUESTION: I know you do not support Trump as an individual. It seems most Americans cannot look at this political crisis as detached as you do. They seem to think anything that says Trump is correct is interpreted as total support for Trump. From the other side of the pond, it looks like Americans have lost […]

Another weak day across the board, starting in Asia and spreading west. There are ongoing concerns about emerging markets and the additional leverage being used almost everywhere. Much of this is being extended through the tech sector and that is what hurt the Hang Seng today. Closing down 1% it has also had a negative […]

The uncertainty continued from the US back into Asia this morning resulting in more Asian selling. Although core Chinese markets are light on volume, the concerns of sudden price discovery is the fear running through all emerging markets. We saw a flicker of this today when the Shanghai declined over 1.7%, but the Hang Seng […]

QUESTION: Mr. Armstrong; Our government here in Argentina has told us we should expect more poverty and there is no hope for the future. Socrates has been amazing on its forecasts on our currency. There are enough of us down here who would sincerely ask would you consider advising Argentina to straighten out our economy […]