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Market Talk – January 28, 2019

  Asia: Slightly subdued day in the Asia markets as the Nikkei was down -60bps but still well within the recently formed upwards channel, which started at the beginning of the month. On Sunday the BOJ meeting minutes were released, the minutes showed that the policy makers were disagreeing over the appropriate level of the […]

Gann – Astrology – Reality

QUESTION: Hi Mr. Armstrong, Do you have any thoughts on Gann and his methods?   It seems his astrological approach provides an interesting insights into cycles as well and was curious on your thoughts about his approach Thanks BB   ANSWER: None of the models I have created are based upon any astrological approach or movement of the […]

Why central banks cannot really Manage Anything

QUESTION: Marty you recently said that “the entire problem of lowering interest rates to ‘stimulate’ the economy demonstrates that central banks cannot really manage anything.” Is this statement really true? BG ANSWER: Absolutely. There is a basic presumption in all human activity that somehow we possess the power to do anything be it end Global […]

Worldwide Real Estate Crash & Why

QUESTION: Sir, Listening to the WEC 2018 recording this weekend, Mike Campbell made an interesting sideline comment. He stated that pension funds were heavily invested in real estate. Is this just Canada or the US as well? If taxes go up will this further push the pension funds over as well as the emerging markets? If […]

The Myth of the Plunge Protection Team

COMMENT: It looks like the Plunge Protection Team had a field day with the 1,000 rally in the Dow. Back in the 70s I read a small article near the back page of the WSJ that said that the CIA was using two small obscure banks in the Midwest to trade futures. The way they do it is […]

Socialism violates the Freedom of Religion

The Socialists are out to blame Trump’s Tax cuts to argue why taxes should be higher. At the beginning of 2018, Trump imposed a spectacular tax cut making the USA much more competitive than its European counterparts. Trump argued that the tax reduction would contribute to the recovery of the economy and finance itself through additional […]

Trump v the Federal Reserve

QUESTION: Mr. Armstrong; A spectacular call. You gave the day and the market bottomed within 100 points of your number. You always nail it. I find it curious how they blamed Trump and the Fed. Can Trump fire the head of the Fed? I really think he seriously needs to attend your WEC. He would […]

German Hyperinflation & the Dawes Plan

The German Hyperinflation was by NO MEANS about inflation created by an increase in the money supply under the Quantity Theory of Money (QTM). Today, Angela Merkel has forcefully imposed Austerity upon the whole of Europe because she really does not understand what even caused the hyperinflation. It was at the Palace of Versailles outside […]

The Fed Relies Indirectly on the Banks & Cannot Stimulate the Economy Directly

QUESTION: Hello, Since the Fed ‘created’ ‘money’ after 2008 that was then deposited back at the Fed by the recipient banks ( say,75% of it), it is not easy to see why the Fed is to blame for the credit explosion since 2008- nor for the very slow ( like a paralytic centipede) hike in Fed […]

The Central Bank War – Nobody Notices

QUESTION: Mr. Armstrong: I have watched in amazement how you connect all these elements. Everyone I spoke to agreed this was your best WEC ever. You have said the Fed needed to raise rates because of the pension crisis and it would have nothing to do with inflation but it has to normalize rates to help […]