A weaker opening for Asia with the Nikkei 0.7% lower mid-morning and just kept drifting having heard Mr Kuroda inflation expectations and his possible “lower interest rates” comments. The Hang Seng and Shanghai indices traded heavy also as confidence was lost once the Shanghai broke the psychological 3k level. All core Asian indices closed between 1.25 and 1.75% on the day and that certainly […]
The lack of integrity among the press is becoming just in your face. The New York Times published an amazing endorsement of Hillary Clinton on Saturday in hopes that they can persuade their readers to overlook all the scandals of Hillary and make her President. I would understand not endorsing either, but to ignore the law, […]
QUESTION: Mr. Armstrong; Does you computer still project a Trump victory? It is beginning to look like it might be right. ANSWER: Yes. It does not change. It projected that many years ago and it projected a rise in this anti-establishment/3rd Party movement would begin in 2016 following the 2015.75 turning point. It will not […]
Germany’s Chancellor Angela Merkel has got to be the worse politician in history when it comes to understanding the economy. Merkel has ruled out any state assistance for Deutsche Bank AG in the year heading into the national election in September 2017 according to Focus magazine citing unidentified government officials. Merkel is just incapable of making […]
In the Swiss Referendum today on September 25th, 2016, the only vote to pass was the Intelligence Service Act referendum, where the “yes” vote passed with 65.5%. The flat tax in the Schwyz canton was rejected maintaining the Marxist philosophy of class warfare. Additionally, both the vote to increase state pensions by 10% (40.6% […]
The weekly White House Watch telephone survey by Rasmussen Reports finds Trump with 44% support among Likely U.S. Voters to Clinton’s 39%. Libertarian candidate Gary Johnson comes in at 8% of the vote, with the Green Party nominee Jill Stein registering only 2% and 3% prefer some other candidate altogether. The undecided is coming in […]
The government has its pawns cheering the end of money. They are screaming that $1.4 trillion exists in cash and half of that is $100 bills. Justine Underhill writes that ending cash could be great for the economy. I think that is only great for government for this is all about getting more taxes. Kenneth Rogoff, the […]
The greatest problem with real estate is you cannot pick up and leave. The Federal Council in Germany is planning to re-evaluate the approximately 35 million homes in Germany. It is now expected that the result is likely to be a significant increase in the property tax. Administrative expenses for the state fund-raising action is very significant and […]
Nigeria has begun the hunt for taxes as they target 700,000 firms as the country is desperate to look for more revenue as its income from oil has collapsed. Nigeria is Africa’s biggest economy and it has entered its first recession in more than 20 years as overspending produces only higher taxes, not economic reform. […]
Today was the first day that the Nikkei cash has had to reflect upon the FED’s decision, as was closed Wednesday for a national holiday. Todays trading result was a small decline (-0.3%) which on the heels of the 2% rally Wednesday was quite refreshing. The other core markets also saw a small decline with the shanghai and […]
