We are approaching 31.4 months this February from the original Brexit referendum on June 23, 2016. After such a period, the British government’s incompetence is shining through. The EU wants a hard border in Ireland all because they fear that goods could creep from the North to the South without them getting their […]
QUESTION: Mr. Armstrong; Standard Chartered has forecast that Russia will overtake Germany as the world’s fifth largest economy, possibly as early as next year in 2020. Would you care to comment if that is possible? GP ANSWER: It is clear that Russia’s economy is not impacted by the stupid US sanctions for going into Ukraine. Historically, […]
The reality these days is that more than 50% of older workers are pushed out of their longtime jobs before they choose to retire. The major factor in this trend is their pension. Pensions are bankrupting both private and public sectors for the entire idea is showing impractical economic stress. Before FDR and the great New Deal, people […]
Asia: The following country’s markets are closed for the national holiday: China, Hong Kong, South Korea, and Singapore. The Chinese Yuan increased 16 bps against the dollar despite the market being closed. The Japanese stock market increased +0.14%. The YoY for the Nikkei is still negative, slipping -3.56%. The same cannot be said for […]
