After the first week, the new General Data Protection Regulation (GDPR) in Europe has done far more damage than Brussels ever anticipated. This regulation, which was intended to really prevent political marketing against the government, is actually destroying the German Internet. Operators have chosen to simply shut down their websites for fear of lawsuits. Many online services have chosen […]
An interesting mixed to slightly negative Asian session in the face of so much uncertainty. Obviously, Trade Talks will dominate headlines over the weekend, but Politics and US data influenced todays markets. In Asia the US Dollar is still in demand despite the midweek rush into the Yen, but watching it leave Asian trading with […]
The blowout numbers on job creation in the United States economy demonstrates that the USA is indeed holding up the world right now. The U.S labor market in May came in with Non-farm payrolls up 223,000. The unemployment rate now matches April 2000 as the lowest since 1969 coming in at 3.8%. You really have […]
The head of Spain, Spanish Prime Minister Mariano Rajoy, who sent in troops against Catalonia has been one of the most corrupt politicians in modern time. At last, he has been overthrown by Parliament after an unprecedented corruption scandal in Madrid. Now we are introducing political uncertainty in Spain, Italy, and Greece will soon follow. In Spain, […]
Lawyers have brought a lawsuit against towns in Georgia for using tickets as the major revenue source to fund their pensions and budgets. The City of Doraville, Georgia is facing a federal lawsuit that alleges the city is illegally making millions of dollars preying on residents and visitors in a deliberate scheme to write tickets and […]
QUESTION: Mr. Armstrong; Did you run a model on Florida hurricanes before you moved there? KE ANSWER: Of course. First of all, I chose Tampa area because it is the least impacted area. The local joke here is that the people say the Indian gods protect the area. This is where the Seminole Indians set […]
Deutsche Bank has now been classified as a problem bank by FDIC and has been included in a list of banks to be watched. This is the biggest bank in Europe. It cannot be merged within Germany with Commerce Bank for there is just not enough equity to overcome the derivative losses. The only other […]
Asia followed the US bounce opening strong across the region. Dealers were relieved to have seen the US markets rebound after Tuesdays price uncertainty. The Yen returned some of the safe-haven demand and was trading closer to the 109 handle again. The Nikkei regained 0.85% of its losses with financials and exporters leading the […]
QUESTION: Mr. Armstrong; I listened to your interview with Greg Hunter on USA Watchdog. For the first time, I really understand that debt is money that pays interest. That is the real money supply which is leveraged. It is the interest that keeps expanding the debt and forcing taxes higher and higher until it can’t expand anymore. […]
