On Wednesday US markets started a similar pattern to the Tuesday movement and, after initial weakness, managed a recovery except the NASDAQ which suffered from uncertainty.
Thursday and Friday were down days in the Indexes except in the DOW on Thursday which was up on that day by 20,88 points.
The worldwide demand for US Dollars continues to increase.
The British Pound
According to Martin Armstrong’s Blog last Tuesday:
“Foreign Investors have been withdrawing on a large scale from British government bonds since July when the Conservatives seem to be splitting. Bank of England data released revealed a net outflow of £17.153 billion from foreigners in July, the largest since records began in 1982, Theresa May’s refusal to stand firm and defend the people’s vote has seriously undermined the confidence in Britain.
We have been monitoring the significant net capital flight from Britain thanks to Theresa May. This is also one primary reason it appears that the British pound is still in a distinctive bear market trend.”
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All the information above is generated by Martin Armstrong
based on his Artificially Intelligent Computer Socrates.
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* * *
Points to Ponder
The facts are that Government taxation and policies are creating this kind of situation.
So sad ☹
Martin Armstrong: “We may be headed into a real Emerging Market crisis by October. The reason why we can forecast such events well in advance is rather common sense. As I have said before, every solution to a crisis sets the stage for the next crisis.
What began in Argentina and Turkey has snowballed into broader collapse complete confidence in Emerging Market debt and the pension funds stopped buying and simply are now trying to get out as fast as they can. This now has officials in Indonesia, India, South Africa, and Brazil scrambling to protect their economies. The debt party is over!
Yes, this is indeed a Global Crisis – The Emerging Market crises in October is only a month away therefore, get ready and be prepared. September 7, 2018 – Can Mueller Indict Trump or Can Only Congress Impeach? My Take:
Martin Armstrong states in this Blog:
“We are in danger of creating a really wild 2019 in the financial markets. Get ready. This is going to be really nuts.
Proof of the Vertical Market of which I have warned about is just looking at the chart of the Venezuela share market. It has risen in proportion to the decline in the confidence of government reflected in the currency. We seem to be headed directly into a financial storm that few people will survive without understanding how markets even trade under such circumstances.”
September 7, 2018 – Beware of Political Uncertainty My Take:
Marty: “I honestly have to say I have NEVER witnessed a period quite like this. There is no place that is a safe haven at this point. The entire world is just coming unglued. All we can do is now rely on the computer for personal opinions will be probably the most dangerous things upon which to base forecasts.
My concern about US politics stems from our computer. Here is the array on 3rd party trends out into 2029. The people who hate Trump so much may be crying later if he is forced out for they will find their lives completely destroyed economically if confidence in government collapses as they try to put in one of their own career politicians. We have a Panic Cycle arriving in Politics in 2021 and again in 2024. The presidential elections will be 2020 and 2024. Note that both Panic Cycles are aligned with these events. I am NOT joking about blood in the streets. Those who hate Trump so much right now will be the very people hunting others who disagree with them. It will not take much to turn them extremely hateful – that is 100% always the case throughout history.”
Anyone who believes that this is not happening in the USA or anywhere worldwide are the Useful Idiots and need to reevaluate their believes.
Marxism is on the march will us Once Again - ☹.
If we are not vigilant it will destroy us!
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September 9, 2018