Market Talk – January 28, 2025
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 548.93 points or -1.39% to 39,016.87 • Shanghai closed • Hang Seng increased 27.34 points [...]
Bavarian Banks Not Depositing Money at ECB
Bavarian banks have figured out that negative interest rates are insane. They must pay the ECB to hold their cash. They have decided it is better to store their cash and eliminate deposits at the ECB as reported by Spiegel Online. These people are just braindead. They think negative interest rates will somehow “stimulate” the economy. No, they fail to grasp that people and banks can now be induced to just hoard money and not spend it.
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UK Council Tax Hike – Britain’s Glory Days are Gone
Revolutions have begun over less. UK lawmakers plan to raise taxes on over four million households to cover a portion of their fiscal mismanagement. Homeowners may see their bills raise [...]
Tariff Threats Successful – Colombia to Accept Returned Citizens
Tariffs never work, but threats often do when it is known they will be carried out. Donald Trump threatened Colombia with massive tariffs, sanctions, and travel bans if the nation [...]
Germany’s AfD Calls for “Remigration”
https://www.armstrongeconomics.com/wp-content/uploads/2016/05/Refugee.mp4 Germany’s Alternative für Deutschland (AfD) Party is prepared to break with the European Union’s policy of open borders and implement a mass deportation operation. This is yet another reason [...]
