Justice officials Attorney General Loretta Lynch and Deputy Attorney General Sally Yates disagreed with FBI Director James Comey’s decision to notify Congress about the bureau’s review of Hillary emails. Both did not agree playing it technical whereby the Department of Justice (DOJ) does typically announce they are investigating something. Of course, NY State did so with […]

The New York Post is doing the best job on explaining this latest scandal. They have the 302s which are FBI reports of interviews. They clearly show that Huma Abedin is either an idiot not qualified for chief of staff, which she has been promised, or she is guilty of violating security and lying to […]

Energy prices were hit quite quickly after a significant bounce upon the EIA news and that played out overnight in Asia. Energy stocks dragged the Hang Seng lower again today with the index closing down around 0.8% on the day. In Japan BOJ governor, Kuroda, said that he would not be surprised if long term […]

The markets are coiling and do not know what to make of all the scandals being released. A Reuters polls shows that 70% of Republicans believe the election will be rigged. This is what the computer has been projecting that 2015.75 was the peak in government. Trump has risen to the top not for any […]

Over 17,000 asylum seekers in Germany have filed lawsuits, clogging the courts, that are aimed at getting their families to join them in Germany. This is the same strategy that people were screaming about in the United States where families would first send their children to the States and then seek to be reunited. Under the […]

Having rejected the 17k level in the Nikkei we witnessed a powerful opening which never looked back. Complementing the surge was a weak JPY which very much looked as though it could have a 105 handle at one stage. Given the renewed currency weakness it was exporters that led the way with Panasonic, Mitsui Mining […]

A healthy start to the final full week of October with promising data aiding markets globally. In Japan we saw better than expected September Exports (6.9% against a forecasted 10.4%) lifted the Nikkei in afternoon trade to close up 0.3% on the day. This was also supported by the October PMI which came in at […]

The US government says it ran a $US587 billion budget deficit for the fiscal year, which was a 34% increase over last year. Deficits have simply become a standard way of life for Western governments as a whole. They see no problem with borrow more each year when they have absolutely no intention of ever paying […]

It was all happening in Asia overnight with typhoons, earthquakes and a six year low fix for the on-shore Yuan. The PSX (Philippine index) was lower by 0.8% in late trading as the winds struck whilst Tokyo suffered the quake which many say was the result for the Nikkei weakness and the Yens strength. Hang […]

QUESTION: Mr. Armstrong; I have a very basic question. With all the trillions of dollars of stimulus in Europe, USA, and Japan, we are in the age of deflation as you have pointed out. The Federal Reserve itself predicts less than 2% economic growth so that is probably optimistic yet the best in the western […]