We must face the fact that we are in a slowing global economy and governments simply have their fingers crossed in hopes this nightmare just corrects itself. There is a massive slowing of real income in Europe and the OECD has commented that this is creating a serious political problem for governments moving forward. Central banks cannot stimulate, because at […]
The big US banks — JPMorgan Chase, Goldman Sachs, Bank of America, Citigroup, and Morgan Stanley — have large operations employing tens of thousands of people in the UK. They have historically set up their regulated businesses in Britain and then used its right to “passport” into the rest of the 28-member bloc. Lawyers are […]
(Adaptation of Marc Antony’s speech upon Caesar’s Death from Shakespeare) Friends, Americans, World Citizens, lend me your ears; I come to bury the Clinton email scandal, not to praise her. The evil that politicians do lives after them; The good is oft interred with their bones; So let it be with Clinton scandals. […]
Not a great session for Japan or the Hang Seng with both down around 1.5% a piece. Shanghai managed a better performance closing marginally higher having spent all day meandering around unchanged. The main talking point in Asia was again BREXIT and the GBP under performance so far. Setting another 31 year low (1.2795) concerns […]
FBI Director James Comey has been called before Congress to explain his recommendation tomorrow. After the Inspector General’s report and Comey’s rebuke of Hillary, the Democrats will be fighting really hard to protect Comey. This is no longer about the country — it is just politics as usual. Thank God, the under-45 crowd is starting to […]
QUESTION: Mr. Armstrong; Why did Comey not present this matter to the grand jury? Isn’t it the role of the grand jury to decide to indict or not? ANSWER:The rules for a grand jury have been altered to the point that they have been reduced to a rubber stamp. Nevertheless, FBI Director James Comey had to […]
Mainstream media is dying. Their biased coverage of the election will go down in history. Facebook’s latest announcement demonstrates how the younger generation (1) is not into party politics, and (2) does not trust mainstream media. Facebook will modify its News Feed algorithm to favor content posted by a user’s friends and family over content […]
Since the publication of the Panama Papers, the assets of the wealthy from around the world have been flowing into United States at a sharply increased pace. Tracking capital flows has revealed that capital outflows of liquidity from the EU have distinctly accelerated. The United States is definitively becoming the replacement for Switzerland. The IRS has even […]
I have received emails from people who claim global warming exists and I am in denial. To start, all of the studies that claim there is global warming end with the 19th century. The sun has a documented 300-year cycle between maximum and minimum energy output. It is a thermodynamic system, meaning the energy must fluctuate or […]
Confidence remains the key in Asia and that is what we remain in search of this evening as we watch global equity markets depreciate. In Asia China was in better shape having seen better than expected Service sector growth resulting in a 0.6% gain. This was only for the first half of the day as […]
