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 [...]
UK Strips 86-Year-Old of Pension because She Saved £50 a Month
An 86-year-old widow who contributed every week to her pension while working was stripped and left destitute after her local council took away her $50,000 life savings. They claimed she saved too much money and was only allowed to have a maximum of £16,000 in savings. She was a former chambermaid and received means-tested housing benefits where she lived. She saved £50 a month for 20 years to be able to be independent in her old age. The government has not merely left her destitute, they are still raking her through the courts and demanding fines and penalties.
This is a classic example of how socialism works.
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NYC Mayor Proposes Solution for Lifeguard Shortage
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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 [...]
