All we have been hearing since 2011 is how the stock market is going to crash and then there will be hyperinflation and all sorts of strange relationships that never materialize. They simply focus on the level of the stock market in nominal terms without adjusting it for inflation or showing how it has performed […]
COMMENT: Robert E. Lee, before the outbreak of the war, was overwhelmingly regarded as the finest military mind in the U.S. army. Winfield Scott offered him command of all Union forces at the outbreak of hostilities. But he chose allegiance to his state of Virginia, rather than the Federal government. He didn’t fight for slavery. He […]
https://www.armstrongeconomics.com/wp-content/uploads/2017/08/Forecasting-the-world.mp4 It is becoming painfully obvious that the amount of sheer theft of our forecasts right down to names of publications is escalating unbelievably. I personally fear that these charlatans are only looking to exploit people and could care less what is really at stake. From outright just stealing our track record and claiming […]
The head of the Federal Reserve, Janet Yellen, has warned politicians against turning back financial market regulation, yet she herself does not comprehend what the regulation truly accomplished. She has warned that any adjustments to the framework should be discreet. The Jackson Hole gathering turned out to be financially tense. Yellen admonished politicians stating bluntly that […]
Quite honestly, the all out war on Trump from the very beginning has been constant. There is not a single thing he has done that is not turned into a scandal. His harsh talk against North Korea seemed to work and forced Kim to back off. Nevertheless, they said Trump was the antagonist and one […]
The special counsel Robert S. Mueller III, who is leading the Russia inquiry against Trump, executed a search warrant at the Northern Virginia home of President Trump’s former campaign manager, Paul J. Manafort, for tax documents and foreign banking records, according to a person familiar with the matter. Normally, Mueller would simply ask Mr. Manafort’s lawyers […]
Main talking point out of Asia this morning were the continued strong earnings reports and the subsequent buying conviction. In Hong Kong the Hang Seng gained over 1.2% whilst the domestic Shanghai index rallied near 2% after earnings beat expectations to finish the week well bid. We saw solid gains in Financials, energy, communications and […]
Australian Senator Pauline Hanson entered the Senate in a burqa. While others immediately condemn her for anti-Muslim stunts, what about women’s rights? Did that die with the Sixties? Hanson has said that “these people” who wear burqas “should go to a country that suits their needs.” Should the West change its culture to accommodate those who […]
I have written before that if you go extreme right and extreme left, you reach the same political position with two different thought processes – more state power. With all the press of the Alt-Right since CNN can then attribute that to Trump and call him indirectly a fascist, they will not put the spotlight […]
Governments first imposed taxes on alcohol and cigarettes under the claim that they were trying to make people stop for their own good. But as always, as the governments became addicted themselves to the tax revenue. Now they have taken the same theory and applied it to tax soft drinks in Philadelphia naturally because they care […]
