All posts in "Armstrong"

SEC Statute of Limitations Applies to Disgorgement

June 11, 2017

Justice Sotomayor in the Supreme Court just held that the 5-year statute of limitations for penalties under 28 USC 2462 applies to SEC disgorgement claims. This is a monumental decision for in every case the SEC claims they has disgorge you back to birth. In KOKESH v. SECURITIES AND EXCHANGE COMMISSION decided June 5th. Because disgorgement sought by […]

Illinois In Deep Financial Trouble

June 10, 2017

Illinois Comptroller Susana Mendoza was ordered to make a “substantial” dent in a $2 billion backlog of bills owed to Medicaid providers. The courts ruled that according to the State Constitution, it cannot reduce the pension payments to state employees. What is happening in Illinois is indicative of how governments are imploding and why I […]

St Petersburg Office

June 10, 2017

Send anything to the St Petersburg Address Armstrong Economics 360 Central Ave, Suite 800 St Petersburg, Fl 33701

Comey Proves He is Part of Gang of Four Against Trump

June 10, 2017

The most telling thing about Comey is he said he did not trust Trump and “thought” he might need notes to protect himself and the FBI when speaking to him. Yet, in the interview that was supposed to clear up Hillary Clinton’s involvement with countless scandals, including her private email server where Comey admitted she was […]

Market Talk- June 9, 2017

June 9, 2017

The big talking point in Asia was GBP and the early indications that results were leading to a hung-parliament. Even before Europe had opened sterling was around 1.75% lower on the day. However, Asian markets were mixed with the largest mover being KOPSI (+0.75%). China data (CPI) released in line at 1.5% for May, whilst […]

ECB In Serious Trouble

June 9, 2017

The European Central Bank (ECB) left its stimulus programs and record low interest rates unchanged. Pundits were seeing some cyclical signs of what they hoped was a spreading recovery in the 19 countries that use the euro currency rather than just a bounce in anticipation of tourist season. The ECB dropped any wording that it could […]

British Election Backfires on May – Exit Polls Show Hung Parliament

June 9, 2017

It’s looking like a hung Parliament and the polls got it wrong again in Britain. The Conservatives appear to be 12 seats short of the 326 to rule with a majority vote after a 20 point lead back in April. Theresa May is facing a serious backlash over her shocking election campaign gamble following an exit […]

Bank Stocks Have a Completely New Risk

June 9, 2017

Spain’s Banco Santander is paying €1 to take over troubled rival Banco Popular, in a deal that illustrates Europe’s new system to rescue failing banks without burdening taxpayers or stressing markets. This is being cheered around the world because the shareholders lost absolutely everything. The bank which was valued in the collapse at €1.6 billion was […]

As Expected – Comey Tries Hard to Take Down Trump Admits He is Leaker

June 8, 2017

James Comey that he orchestrated the leak of his conversations with President Donald Trump claiming he thought it might lead to the appointment of a special prosecutor to head the Russia investigation. Comey said he had asked a friend at Columbia University to leak the content of one of his memos. Comey testified: “My judgment was that […]

Market Talk- June 8th, 2017

June 8, 2017

The Asian session was mildly positive with just the Nikkei, the SENSEX and Nifty closing lower on the day. Although they were only small gains, they were gains none the less from +0.2% up to +0.3% for Shanghai, Hang Seng, and ASX. China was helped by better than expected data trade data. The situation in […]

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