Retail Sales Falling in the US – a Softer Tone
Retail sales in the US fell short of expectations this month, according to data compiled by the Commerce Department. Retail spending decreased 0.6% from April to March, undermining forecasts of [...]
Deutsche bank to Merge with Commerzbank Bank
Deutsche Bank is in crisis and everyone has known that. Its derivative book is hard to quantify what is the real net bottom line. The only bank it could have been merged with was BNP but that was French and they cannot allow cross-border capital flows in bailouts. That left Commerzbank Bank, but they too have a lot of the same problems.
The two will be merged WITH government assistance covered up. As I have warned, Deutsche Bank is the biggest bank in Europe. I failed to see how Germany could allow it to collapse, Hence, this merger has to be accomplished with government aid – the very thing they tell Italy they cannot do. This is showing what I pointed out – Merkel had to blink.
Latest Posts
Revelations – Are We In The End Days? 1,000-Year Cycle
Various cultures and religions have been concerned about the end of time looming throughout history. Aethelred II (978-1016 AD) was so convinced the world was about to end in 1000 [...]
NYC Mayor Proposes Solution for Lifeguard Shortage
The Democrats are looking for any possible way to expedite the immigration process for future blue voters. Eric Adams flops between crying to Washington for forcing the migrant crisis upon [...]
The Dow Hits First Target 40,000 – What’s Next?
https://www.armstrongeconomics.com/wp-content/uploads/2020/06/1987-Larry.mp4 COMMENT: It is baffling why you are not on the front page of the WSJ, Barons, London FT, NY Times, and every financial newspaper claiming to be interested [...]
