Angela Merkel and her party remain clueless about the economic history of Germany which has been made apparent through her insistence upon austerity that is tearing the EU apart at the seams. This is like blaming Trump for Hillary’s loss. Merkel’s belief that the quantity of money is the cause of inflation has been proven […]

COMMENT: Marty; It’s below freezing in Athens. This is the coldest I have ever felt here in a long time. The average temperature is normally 10°C (50°F). I do not understand how people keep calling this global warming. REPLY: The data being put out as propaganda has been indexed at a higher base. Without adjustments, the […]

Most markets were waiting for the US employment report in order to set the theme for the rest of the month. Auto shares were the poor performer on the Nikkei today after Trump’s remarks over tax levies on auto-makers but also because the rally in the JPY. The Nikkei closed off -0.3% led predictably by […]

Because Australia has convened a commission to terminate the $100 bill, in the wake of the currency being cancelled overnight in India, there is a growing distrust of high denomination euros and Australian bills. What is interesting is A$100 notes are nonnegotiable now in India. The same is happening in Europe with the €500 bills. There […]

After a 2% jump in the Nikkei yesterday we was no surprise to see a little profit-taking today. The JPY was a major talking point today with a very healthy bounce back to the mid 115 level, a 1.5% price move in the day. The Hang Seng was the star core performer within Asia closing […]

Japan was certainly the star performer today after we saw the PMI (Purchasing Managers Index) print far higher than expectations. The forecasted number was 51.9% but the release came in at 52.4 a sign that the economy is making significant sentiment in the right direction. This also comes on the heels of this similar number […]

Nicola Sturgeon, the  First Minister of Scotland and the leader of the Scottish National Party (SNP), has said she is determined for Scotland to respect the decision to remain in the EU in 2017. Unionist party leaders urged her to abandon threats of a second independence referendum. Sturgeon is clearly uninformed and will lead Scotland to […]

QUESTION: Dear Marty, What could be the true intentions of Prime Minister Narendra Damodardas Modi in India cancelling the currency overnight. I have been suspecting some foul in his demonetisation move but cannot correctly understand why he did it? Counterfeit currency, Black money, prevent terrorism all his publicised motives have been shown false. If this move […]

QUESTION: I find your explanation of how everything is connected very insightful. So events go nuts in Europe and that sends capital fleeing to America as in World War I and II. Am I correct in saying it is not possible to manage an economy in isolation? Thanks for making my mind work HW ANSWER: […]

COMMENT: Mr. Armstrong; What you have forecast in so many different fields has been a remarkable achievement. It is now quite evident why the government has tried to stop you all these years. I thank God he gave you the strength to see this through. The stock market rising, gold consolidating, Trump and Brexit victories, […]