Asia was encouraged by the wests acceptance of the Italian vote and especially the Euro’s strength. Bouncing off of the key 105 levels has created a triple bottom which, if breaks, propels the market lower. we were already aware of the Nikkei’s performance through the futures contract and so cash opening created the days highs […]
QUESTION: Marty, at the cocktail party you said you did not see the far-right in Austria winning for it was not the same. Then you got pulled off. Just wondering what was different in Austria? Thank you for the conference. Don’t know where you get the energy from. RP ANSWER: Cyclically, Austria was not […]
QUESTION: Hello Mr. Armstrong, I was told by a friend that you forecast BREXIT and Trump and was the only one in the world to do so. I’ve been fascinated reading your site, particularly your discussion of Trump’s likelihood of winning when the polls and people gave him little chance. Can you possibly explain just how […]
The patrons of Bonnefooi, a cafe in the center of Brussels, last week received an inspector of the City to visit. Who asked them to pay the “tax dance.” Yes you read correctly. Brussels has a “dancing tax” written in the 50´s and as the government needs money, they have “revitalized” this tax since 2014. For every […]
The European Payments Council (EPC), a subdivision of the European Central Bank, is taking one giant step forward in their quest to eliminate all cash to increase taxes. They have gone ahead and set up the technical bases last week to enable the immediate payments system throughout Europe. One of the stumbling blocks has been the […]
We are witnessing what a Private Wave is all about. The Italian Referendum came in on point with the NO vote at 59.4% against 40.6%. Our model is now four for four with BREXIT, Trump, Hollande in France exiting the election, and now Italy. We will see the same defeat for Merkel. What politicians do […]
mayor-rawlings The Mayor of Dallas, Mike Rawlings, sent a letter on the 29th asking for an immediate suspension of lump-sum withdrawals from the Dallas Police and Fire Pension Fund. There is a run on the pensions because people are realizing that there will be nothing there. The troubled pension fund will be insolvent by 2028 at […]
Stanford University has been tracking the cost of pensions in California. So while there is a movement starting to separate from the United States especially since they wanted Hillary, California will soon fall on its face and then will be begging Washington for a handout. The real amount owed by every household in California to […]
