Tariffs are NOT Reciprocal
How did the Trump Administration come up with these tariff rates? Why would a nation like Madagascar, for example, with a small economy, be hit with a 47% tariff? Reciprocal [...]
Poland to Break with EU by 2020?
QUESTION: Mr. Armstrong; When you were here last giving lectures in Poland, you said that we should leave the EU, retain our currency, and focus on our ties to the United States and Asia. You said if we did that, Poland would be one of the most imp[ortant economies in Europe. Have you updated that forecast at all?
Thank you
It was a tremendous honor to shake your hand in Warsaw.
JF
ANSWER: Poland is and will remain at the center of economic growth within Europe and it will still experience increasing political influence. Poland’s population won’t decline as much as those of the other major European economies and that is critical moving forward economically. Poland is also the most prosperous European state on Russia’s western border. That will mean that it will expand its position as a regional leader with political and economic prestige.
The Zloty has strengthened against the dollar and the Euro. The critical time where Poland may see this break with the EU could come in 2020.
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