QUESTION: Mr. Armstrong; Trump appoint another ex-Goldman Sachs guy as the head of the SEC. Some say he is not draining the swamp but filling it. Care to comment? ANSWER: Walter J. “Jay” Clayton III firm where he worked represented Goldman but he did not work for Goldman. He comes from Sullivan & Cromwell, which represents just […]
QUESTION: Mr. Armstrong; Is Google really violating European antitrust laws to warrant such a huge fine or is this really a trade war? KQ ANSWER: It’s a trade war. Granted, the EU hit Google with a record-breaking fine of €2.4 billion ($2.7 billion, £2.1 billion) by European regulators who accused the California-based technology giant of abusing its […]
We would like to thank everyone who helped make this SOLD OUT event a success in Frankfurt, Germany. For those unable to attend we will have the video recording available for purchase in the coming weeks.
A wolf pack: the first 3 are the old or sick, they give the pace to the entire pack. If it were the other way round, they would be left behind, losing contact with the pack. In case of an ambush they would be sacrificed. Then come 5 strong ones, the front line. In the […]
In the latest Bloomberg Poll, Hillary’s favorable rating came in at 39%, below that of Trump. The interesting thing is the mainstream media is still bashing Trump with the Russia conspiracy that he somehow colluded with Putin to beat Hillary. Of course, all they press in that Russia hacked the emails. They never say that […]
We did eventually see a mixed close in US with the NASDAQ setting new gains but the late rally failed to convince Asian markets of the rally and having seen ECB unchanged, we saw Asian indices small down. It was a reasonably light session to close the week as main core markets drifted. The Nikkei […]
QUESTION: Mr. Armstrong; I suppose when you said that the marriage of Isabella and Ferdinand the the final stage of unifying Spain rather than the beginning. Correct? ANSWER: Yes. The idea of a nation state began to emerge in Europe during the 10th century. This is reflected even in the coinage which to a large […]
The Second Circuit Federal Court of Appeals overturned the convictions of two former Rabobank traders in the LIBOR London interbank market manipulation scandal saying the men’s Fifth Amendment right against self-incrimination had been violated. Former Rabobank traders Anthony Conti and Anthony Allen, was sentenced to a year and a day in prison by Judge Rakoff who […]
QUESTION: Dear Mr Armstrong, with great compliments on your work I now see a chance to do something back. … On the topic of government hunger for money, they are now using speedtraps for boats here in Amsterdam. Just 2 miles over the limit will cost already cost you €90. Yes they have laserguns for […]
A strong Asian session following yet another record US performance with the added enthusiasm for central guidance from both the BOJ and the ECB. The BOJ left rates unchanged but we did hear them cut the inflation forecast for this and next years. Earlier we also saw the June Trade data release which proved to […]
