Retail Sales Falling in the US – a Softer Tone
Retail sales in the US fell short of expectations this month, according to data compiled by the Commerce Department. Retail spending decreased 0.6% from April to March, undermining forecasts of [...]
United Arab Emirates to Introduce 5% VAT Thanks to IMF
The impact of the collapse in oil is having dramatic effects on taxation in the Middle East and suddenly on the issue of government debt. The UAE will implement a 5% value added tax (VAT) beginning January 1, 2018. UAE Minister of State for Financial Affairs Obaid Humaid Al Tayer made the announcement after listening to Christine Lagarde speak at the IMF conference. In fact, he made the announcement at a joint press conference on Wednesday with Lagarde. However, our sources within government have relayed that income taxes are likely perhaps within 2 years as well.
It appears that Lagarde is bringing French socialism to the world since it was the French who dreamed up communism and sold that idea to Karl Marx. What is ours is always theirs and never will they consider reform.
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The Dow Hits First Target 40,000 – What’s Next?
https://www.armstrongeconomics.com/wp-content/uploads/2020/06/1987-Larry.mp4 COMMENT: It is baffling why you are not on the front page of the WSJ, Barons, London FT, NY Times, and every financial newspaper claiming to be interested [...]
