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 [...]
EU Assigments Legarde to Replace Draghi & Ursula von der Leyen to Head EU
Christine Lagarde will replace Mario Draghi come the end of his term. Of course, the IMF has not been entirely supportive of Draghi’s policies. But she is predominantly a lawyer and does not have the experience in how markets function (reliable internal sources). She has no idea of what she is walking into. The ECB cannot raise interest rates without blowing up the budgets in the EU and there is no way to stop Quantitative Easing as well. With the ECB owning about 40% of the debt right now of member states, it has to keep rolling that or the free market will extract its pound of flesh with higher rates.
Germany’s Ursula von der Leyen was chosen for the commission presidency. Also based upon reliable inside sources, she is very anti-Russia and believes that war is justified. She seems to be a puppet for the neocons and is reported to be not a dynamic or independent thinker.
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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 [...]
