Market Talk – May 30, 2023
ASIA: Consumer prices in China increased at their slowest pace in two years, indicating deflationary pressure and weakness in domestic demand. The consumer price index rose by only 0.1% in [...]
Trump Appoints Christie Transition Chief
Donald Trump named Chris Christie, the New Jersey governor, to lead his transition team as reported by the FT. This is rather important. No doubt, Christie would take the position of Attorney General should Trump win. But the real critical aspect here is that Christie was the ONLY candidate to tell the truth about Social Security. Christie told the people that the government “stole” their Social Security funds. Of course he is correct. Social Security goes negative next year by the government’s own forecast. This means that Trump, given his recent comments about renegotiating the national debt, demonstrates there is a discussion behind the curtain albeit nobody wants to raise that issue just yet.
Latest Posts
Berkshire Hathaway: CEI Score 0
Berkshire Hathaway managed to score a total of zero imaginary woke points on the Corporate Equality Index. The Human Rights Campaign (HRC) investigates how woke a business has become, solely [...]
Illegal Residents Permitted to Vote in Texas
The Democrats defeated a proposed bill that would require voters in Texas to be citizens of the United States. I could not simply enter a country where I do not [...]
Turkey & the Election
QUESTION: Mr. Armstrong; I’m not sure if you remember me. I was with the Islamic bank that our board ordered we were to open a branch in Turkey and we [...]
