A nice bounce seen today for the Nikkei with a small recovery in stocks as the currency turned lower. The Nikkei closed up +0.6% with exporters benefiting from a weaker currency which assisted the rise seen for Mitsubishi Motors having revised full year guidance higher. China released PMI better than market had expected at 51.3 […]
In May 2015, U.S. federal prosecutors filed criminal indictments against fourteen FIFA employees and associates in connection with an investigation by the United States Federal Bureau of Investigation (FBI) and the Internal Revenue Service Criminal Investigation Division (IRS-CI) into wire fraud, racketeering, and money laundering which was all centered around bribery. Then 16 more officials were indicted […]
There is clearly a coup unfolding led by the Democrats and the media. They will not accept Trump and are determined to destroy the government as we have known it. Sally Yates obviously pulled a political move by declaring that she would not execute Trump’s ban of the selected countries. She has no problem arresting […]
https://www.armstrongeconomics.com/wp-content/uploads/2017/01/Clinton-Immigration.mp4 In 1996 Bill Clinton made it mandatory prison time for any alien who reentered the country after being deported. It was Bill Clinton who made it law that any alien found guilty of virtually any crime even if legally here, they were to be deported even for non-violent crimes. There were no protests. The media […]
We saw another weak session today for stocks in Japan as the BOJ kept its position on monetary policy unchanged but selling pressure continued. The main concern remains centred around the US action for immigration despite the explanations offered. The USD lost its safe-haven bid with JPY strength resulting in a push closely breaching the […]
Former President Obama signaled he is effectively setting up a shadow government declaring he now supports all the protests against Trump especially for stopping the acceptance of refugees settling in the United States. Obama said he is heartened by the level of engagement taking place in communities around the country against Trump. This is all playing […]
The new conspiracy theory running around claims that the European Union was a CIA project. This serious distortion misses the entire point. It is very true that the idea of the EU was supported by the United States since World War II including the CIA. However, the U.S. supported the idea of the EU as a trade union that […]
The European Union’s chief BREXIT negotiator, Guy Verhofstadt, told Reuters that Donald Trump is part of a three-pronged attempt to undermine the European Union. His comments reflect just how deranged the EU politicians really are for they will accept no blame whatsoever for any of their own policies that are dictatorial in nature and have sought from […]
Asian markets were weaker today with many Traders explaining that the reason for the market jitters was around President Trumps immigration policy and the consequent rally in the safe-haven currencies such as US Dollar and the Japanese Yen. The Nikkei lost around -0.50% despite the fact that volumes were heavily reduced with many of the […]
Within days of Davos, here is the European Commission statement on moving forward to eliminate cash. This is an “Inception Impact Statement” to provide notice to those involved and to ask for comments back. Everything is couched in terms of terrorism, but in fact it is to hunt taxes and eliminate our freedom to privacy […]
