QUESTION: Mr. Armstrong, I remember Obama promising to eliminate income tax on seniors. They always just say whatever gets them votes and never do anything they promise. Hillary is doing the same. It’s just more lies on top of lies. HS ANSWER: Correct. Obama promised: “[We] will eliminate all income taxation of seniors making less than $50,000 […]
Private Blog Updates for the Dow & Gold for month-end closings
As we enter the BOJ meeting, messages are very mixed. Many are hoping the package exceeds expectation JPY 28tln ($266bn) whilst others, anxious the BOJ may shoot too soon, possibly more easing at a time when they feel it will not work; so Asia could be interesting tomorrow. Today the Nikkei lost some of yesterday’s […]
With terrorism raging in Europe, Prime Minister Viktor Orban of Hungary came out and publicly stated that the anti-terrorism proposals of Donald Trump make him the better option for Europe and Hungary. More and more people I talk to in Europe are silently in Trump’s corner. The more intense the attacks, the stronger their […]
QUESTION: Marty – Your computer has been predicting the uptick of a 3rd party candidate. Why do you never talk about Gary Johnson or the Libertarian Party? You have to be leaning that way yourself, no? He’s getting about 8.5% in the polls, on aggregate, he’s suing the presidential debate committee to get into the […]
President Obama’s half-brother, Malik Obama, has come out in support of Donald Trump. He says he is unhappy with his brother’s leadership. Malik was Obama’s best-man at his wedding and has visited him in the White House. Nonetheless, Malik has come out and said Trump’s position against Muslims coming in to the United States was understandable, […]
More talk that the expected that the Japanese stimulus package could exceed the JPY 20tln and could even be as large as 28tln boosted the Nikkei and sent the Yen back to 104.50 level. Rumours have been circulating for a while and even yesterday stories were that the package would only be a fraction worried the market yesterday resulting in the 1.4% loss. […]
When is a stimulus not a stimulus? Talk in Japan that the eagerly awaited stimulus may not be enough (combined with some nervous profit-taking) produced a 1.4% decline in the Nikkei today. At the same time, the JPY saw the flight to quality and rallied over 1%; last seen trading mid 104. The contrast to […]
The European banking crisis is spreading rapidly. There are now concerns in Italy and in Portugal as well. The ECB cannot even understand why people would not want to keep their money in banks with negative rates. They are simply incapable of managing the economy. The ECB is bringing Europe to the brink of a […]
Goldman Sachs has been sued for $510 million in New York State Court, which is at least more viable than federal court. The case is Primus Pacific Partners I LP v Goldman Sachs Group Inc et al, New York State Supreme Court, New York County, No. 653885/2016. A shareholder of one of its former clients is suing […]
