Once upon a time, they use to write songs about California Dreaming. It is now turned 180 degrees to the main dreaming in California is how to get out of the same. You just cannot keep raising taxes endlessly reducing the standard of living of the people and survive indefinitely. It is official. The net migration leaving […]
Macron is pushing for the European Finance Minister to raise money by selling EU bonds and then distribute the money to the 19-member Eurozone. France is very heavily indebted and here once again we have simply the goal to raise more money rather than reform. Because of the riots in France, Macron is trying to […]
A solid day for the Asian region with gains of 1.25% for core Shanghai and the Hang Seng and was closely mirrored by the Nikkei (+1%). Continued optimism surrounding the China-US trade negotiations is restoring confidence, as the constructive headlines begin to appear. We have seen both parties conceding consolatory ground as evidenced by strong […]
QUESTION: Mr. Armstrong; Do you agree with Bloomberg that the yield on German bunds has declined in anticipation of the Fed lowering rates? JV ANSWER: No The falling yields on German government debt is simply intensifying the trade to buy German and short everything in the South in anticipation of a failed Euro. Also, there has […]
Deutsche Bank is in crisis and everyone has known that. Its derivative book is hard to quantify what is the real net bottom line. The only bank it could have been merged with was BNP but that was French and they cannot allow cross-border capital flows in bailouts. That left Commerzbank Bank, but they too […]
The governmental system we have is totally corrupt and it outright UNSUSTAINABLE!!!! In Illinois, the city of Peoria has been forced to eliminate 22 firefighter and 16 police positions even after they made 27 layoffs earlier this year. Besides eliminating employees, they are now looking at adding a tax of $50-$300 to per resident try to cover […]
The, eventually, positive tone from the US markets were helpful for the Asian opening. However, talk that China and the USA are progressing on the trade talks was really what gave the whole region confidence. All core opened well with little sign of looking back. It was only the Shanghai index that lost momentum towards […]
QUESTION: I have been a reader for 10+ year, Socrates subs and reg for Orlando WEC. Thank you and as a Veteran, I admire your courage and service. Ques: Under Dodd-Franks & Bail-In & Bankruptcy Priority; and, due to the Global Debt Crisis, is there a Custodial Risk for Investors a) who are “beneficial owners” […]
A California federal judge has awarded attorneys for President Donald Trump nearly $300,000 in fees for Michael Avenatti and his failed defamation claim brought by porn star Stormy Daniels for which he raised $600,000. U.S. District Judge S. James Otero held that when Stormy Daniels said in a TV interview that a man had confronted […]
QUESTION: Mr. Armstrong; your explanation of Cohen’s plea is the most authoritative I have read. In other words, even Comey violated this statute by coming out to exonerate Hillary during the election since that was something of value and was intended to influence the election. Didn’t Obama try to influence the elections in France, Britain, […]
