North Korea spooked markets yet again by launching a missile that reported flew over Japan, which came a day after North Korea claimed it would sink Japan. The events were short-livid however and after a brief flight to safety in gold, treasuries and the Yen markets quickly corrected back. The JPY traded into the low […]
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COMMENT: Mr. Armstrong, you were correct. The Supreme Court supported Trump on the travel ban. REPLY: The entire issue was political. The six countries were targeted by Obama to begin with. The President has absolute power over that issue and it was a joke that any lower court would dare to intervene. The 4th […]
European Commission President Jean-Claude Juncker has now come out in a very desperate move telling that those members of the EU who are non-euro countries should introduce the euro ASAP. “The euro is destined to be the single currency of the EU as a whole,” Juncker declared. Juncker then proposed a “euro preparation instrument” […]
The hunt for taxes in France and Germany is in full swing. Merkel and Macrone are looking for endless new sources of tax revenues. They are moving directly into the position of destroying their economies because their thirst for more and more taxes never ends. No matter how much they collect, they never have […]
We really needed some data to support recent Asian moves and sadly that was not fourth coming today. China’s numbers missed on Investment, Industrial Production and Retail Sales so should be no surprised we reversed recent gains. Investment was expecting a number north of 8 (actually looking for 8.2) but was released at 7.8 for […]
