Consumers Pay Tariffs
Donald Trump believes tariffs could offset taxes, but tariffs will be a tax in itself to the American consumer. Trump is proposing to raise taxes from 60% to 100% on [...]
Market Update
The market continues to press everyone up against the absurd. The Dow rallied so far above the 18100 level that it defied the logic that continues to be bearish. Likewise, if we see crude oil pressing highs and a close above the last high of 4242, then we should fill the gap up to the $45 area. Gold continues to consolidate but the key trading range remains 1266 to 1202. We need a closing outside of this range to imply the next move. We have some turning points coming in by next week and May/June remains a key target followed by August. In many cases, we need to exceed the March highs in April to raise any hope of a key rally. Nevertheless, the markets appear to be pressing everything as far as they can go without actually breaking out or breaking down.
Latest Posts
Simplify the Tax Code
The incoming Department of Government Efficiency (DOGE) under Elon Musk and Vivek Ramaswamy is tackling a serious problem – the complex tax code. Donald Trump has also expressed a keen [...]
Justice for Laken Riley
Charges have finally been brought against Jose Ibarra, the illegal migrant from Venezuela who brutally murdered nursing student Laken Riley. The court found Ibarra GUILTY on 10 charges, including murder, [...]
Zelensky Responds to His Use of Long-Range Missiles
https://www.armstrongeconomics.com/wp-content/uploads/2024/11/Zelensky-Interview.mp4 Zelensky, when asked about his actions leading to World War III, switches from English to Ukrainian and claims that since North Korea sent troops into Russia, this makes [...]
