Two Presidents Walk into a Convenience Store
The people of New York were shocked when former President Donald Trump made an appearance at a bodega in Harlem amid his own court battle. Crowds of New Yorkers swarmed [...]
Rise in the Euro – Interesting Times Ahead
QUESTION:
Was not this move you have been talking about to happen right after the EP elections? What has changed?
“While everyone will focus on interest rates, at the end of the summer we will see a refocus back on the structural problems in the Euro.”
SM
ANSWER: Nothing. What is happening is that we are running into reality. The entire Quantitative Easing has completely failed. The focus on interest rates has been lost insofar as we are dealing with a major question of a structural crisis. Mario Draghi’s term ends in October and there is going to be a real crisis in structure. Draghi’s Portugal statement was him trying to bully the rest of the board but that did not work. This conflict gave a boost to the Euro but the model had been calling for a rally into July after the elections which we have seen also in gold.
We face interesting times ahead.
Latest Posts
Insurance is Always a Scam – Beware – They Pay NO CLAIMS in time of war
Loyds Nord Stream v (1) LIC and (2) Arch – CL-2024-000094 – Defence Switzerland-based Nord Stream AG filed a lawsuit against the insurers for refusing to compensate the company. Nord [...]
Market Talk – April 19, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 1,011.35 points or -2.66% to 37,068.35 Shanghai decreased 8.96 points or -0.29% to 3,065.26 Hang [...]
Homelessness Epidemic: the Public Sector is a Welfare Program
https://www.armstrongeconomics.com/wp-content/uploads/2024/04/PublicSectorEmployee.Homelessness.mp4 California’s homeless crisis proves the public sector is a welfare program and political tool. The California State Auditor released a report this month that reveals California’s programs to [...]
