COMMENT: Mr. Armstrong; I just wanted to comment that I am from Venezuela. My father came here to visit me in Florida where I live with a Green Card. Everything he saved in life for his retirement is now worthless and it does not even pay to travel back to collect his pension. The hyperinflation […]

  Having seen a weak US session most Asian indices opened in the red. However, that was not to last and most recovered by the close. The SENSEX took less than an hour before it was trading positive whilst the ASX and Nikkei never actually managed a recovery. The key sector that has led the […]

The European Central Bank (ECB) has postponed its new guidelines for banks because if it did not, the Italian banking system would simply collapse. The ECB has given Eurozone area banks more time to adapt to new guidelines on how to deal with bad loans. The deadline has been postponed from 2018 off into 2021. The […]

I have written many times about the deep corruption among the political class. The way they have always taken bribes is through their families. I have written how Hillary’s brother magically got the gold mining contract from Hati when he wasn’t a gold miner. The Clinton Foundation which was supposed to be a real charity […]

    QUESTION: Hi Marty, we just saw the German elections play out. For Germany, this is a huge move to the left – at least in government. They also say that Europe will be strongly supported. I guess that means shoveling money to Brussels and raising it via more and more taxes. Now, I researched […]

QUESTION: Dear Mr. Armstrong: Many times you were warning about CalPERS. What is your scope on 401k via employers, RothIRA, Simple IRA, and SEP that investing in at Vanguard or Fidelity? Should we continue to contribute? Will these types of retirement plans be in peril as CalPERS ? Can our government get involved in these plans? […]

Gary Cohn’s resignation, although highly rumoured yesterday, was to have a negative effect on all markets once confirmed. The Asian indices held in initially, but only to fade into the close. The Shanghai core traded in positive territory for much of the day with the decline almost restricted to the final 30 minutes of trading. […]

Although at the National Peoples Congress meeting, China announced an estimated annual growth rate of 6.5% – it was the Hang Seng that took centre stage as far as conversations were concerned! It appeared as though the market finally realised it was supposed to be declining and that led financials to push the index down […]

Mainland China market stood out again today but only because it did not fall as much as other core indices. Shanghai saw its days low just after the opening bell and even looked to trade positive at one stage just ahead of lunch. However, ahead of Italian elections, BREXIT discussions and President Trump’s tariff announcement […]

After the weak US retracement the DOW (futures) spent much of the Asian session around the mid 25,500 level. But, interesting that as we have been highlighting for a few weeks here that the DXY looking to be bottomed on time. Jerome Powell’s comments obviously shook markets, but worth comparing currency weighted equity index movements. […]