To indict someone, the criteria is supposed to be “intent.” Comey has used that to pretend there is no evidence that Hillary “intentionally” erased anything. Comey also stated that Hillary’s lawyers erased her emails using a keyword search program and they did not “read” the emails. He added that he would not recommend charges against Hillary […]
Standard Life suspended trading in its UK property fund after reducing the value of the fund by writing down the value of property by 5%. This set off a wave if liquidation that resulted in the fund being suspended. The management clearly read the press and listened to the politicians way too much. It makes […]
QUESTION: Dear Mr. Armstrong, I am really confused regarding long-term interest rates – I had thought they were controlled by the markets – but it seems at time that the central banks control them by buying the governments debt. Can you shed some light on this? Can the central banks just keep printing and buying […]
QUESTION: Dear Mr. Armstrong, I am really confused regarding long term interest rates – I had thought they were controlled by the markets – but it seems at time that the central banks control them by buying the governments debt. Can you shed some light on this? Can the central banks just keep printing and […]
The Clinton scandals will provide endless TV entertainment, which may be more like a reality TV show with the Kardashians. Most people think it will be Donald Trump. Trump may give us some frank insults that are badly needed now and then to keep people focused, but the Clintons will provide never-ending intrigue and scandals. Now […]
We are beginning to see interest rates rise globally in the free market. After BREXIT exposed the crisis in Europe, the rates began to rise in the peripherals. That will move closer toward the core. The Fed will respond only when the capital sees what is unfolding in Europe and shifts to the States. The […]
Despite the election uncertainty resulting from the weekend, the ASX (Australian Stock Exchange) closed better; as did the currency. ASX closed up 0.65%, having suffered an opening wobble but the AUD will be eagerly watched at the RBA meeting – was last seen up 0.6% in late European trading. The Nikkei opened lower but managed a […]
It is a shame, but Nigel Farage is standing down as the leader of the UK Independence Party. Nigel came from the real world and never desired to be a career politician. He has stated that he had done his “bit” following the UK’s referendum vote to leave the EU. “The victory for the ‘Leave’ side […]
This weekend we had the elections in Australia. Of course, they were not on our list for the year of political hell. They sold off in the wake of Australia’s weekend election and in parallel fashion with about 5bps of cheapening across the curve. The election vote count will continue on Monday with a few […]
The whole meeting between Lynch and Bill Clinton calls into question the judgment of both people. Lynch should have declined the meeting and Bill should never have asked to meet her. Why? Sources from Hollywood say Bill is losing it. He is not as sharp as he used to be and he may be on […]
