French Economy Minister Admits Politics Worsening Deficit
French Economy Minister Eric Lombard is eager to lower the public deficit with an aim of 5.4% of GDP in 2025 followed by 3% into 2029. The European Union requires [...]
Lenox Air Conditioner Manufacturer Cites Colder Temperatures for Decline in Sales
Despite all the global warming advocates, the air conditioner manufacturer Lenox came in well below Wall Street’s expectations, which were based on the claims running around that have now reached the level of a religion. Their earnings fell by about 9%. The CEO came out and made a statement with respect to sales decline:
“Significantly cooler temperatures and higher precipitation across the United States adversely impacted the HVAC market in the second quarter, and especially in key Central regions where cooling degree days were down over 30% and precipitation was up over 60%.”
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The Financial Crisis of the 1890s
QUESTION: Hi Martin, You have mentioned over and over that J.P. Morgan had to bail out the US Government in the late 1890’s with gold, which was US money at [...]
