Kemal Kilicdaroglu, the Turkish opposition leader of the social democratic CHP, has sharply criticized the push by the Turkish government to remodel Turkey into a presidential system. The CHP chief expressed concern about the future of the country. He warned that the rising discontent may lead to a civil war. “What a presidential system that supposed to be, […]
A disappointing end of the week for core Asian equity markets. The Nikkei opened firmer but by mid-morning had started to crumble as profit-taking and a firmer JPY weighed on prices. We eventually closed the day down 1.4% with Hang Seng not far behind (-1%. The Shanghai index tried desperately to hold on to gains […]
A new study by the Green Party in Germany places the USA at the top of the list of tax havens for foreign investors. They have highlighted the key states in their study. I have written about this before. The strong capital flows coming into the USA from overseas have been stunning, to say the least. Some […]
Armstrong Speaking at HackMiami 2016 Tonight
https://www.armstrongeconomics.com/wp-content/uploads/2016/05/Demo-5-13-2016.mp4
The TTIP proposal is bought and paid for by the banks. Pick up the rug and you will always find the dirt. The USA has been fining European banks for vast amounts of money. The New York banks, especially Goldman Sachs, is shaking like a leaf at the thought that they could be hauled into European […]
With the US markets having provided the momentum for the opening it was not surprising that Asian equity markets opened with a reluctant bid. Earlier in the day we had heard from the IEA regarding oil supplies and although this was still a discussion point in Tokyo it needed additional enthuses to lift markets higher. This was eventually found in the JPY […]
The New Jersey State Assembly has begun the pursuit of a constitutional amendment to guarantee pension payments for government workers over all other types of state spending. This would naturally include all politicians, which is why they are introducing it. Because spending on education, health, crime, environment, welfare etc. is not guaranteed by the Constitution […]
QUESTION: Mr. Armstrong, who would you recommend Trump asks to be his Vice President? ANSWER: If I were Trump, I would ask Bernie Sanders to be vice president and really stir the pot. The two have one major thing in common: Goldman Sachs says they are dangerous. Hillary can claim she is the only one with […]
A positive opening for the Nikkei, trading up +1% at the opening bell but sadly could not hold onto the gains and we eventually closed little changed on the day. The Hang Seng was the poor performer closing down almost 1% whilst Shanghai was a touch better. Asia really had little top topics but we […]
