A Swedish report has been leaked that concludes the Refugee Crisis is destroying Europe. The report has revealed that the number of lawless areas (commonly referred to as, “no-go zones”) in Sweden have now reached 61, rising from 55 in just one year. This increase includes, not only the total number, but also the geographical […]
A flood of comments from central banks this week has been signalling that the era of easy money is coming to an end. Of course, the nonsense spouted out by the Gold Promoters that hyperinflation was coming has left 10 years of continually wrong forecasts, yet the pretend analysts have done far more damage to […]
QUESTION: Mr. Armstrong; Reading between the lines, it seems that you support bank bailouts at taxpayer expense. Is this not counter to free market philosophy? KE ANSWER: Yes it is contrary to free market philosophy. However, it is the only reasonable solution at this moment in time without structural reforms to the financial system. If […]
A strong follow-on for Asia after the positive day seen for US markets yesterday. Although a lot of the talk in Europe surrounded regulations, in Asia they followed directions from three central banks – Europe, UK and Canada – as rhetoric talked of positivity. It is interesting how the market apparently “misinterpreted” Mr Draghi’s speech […]
Private Blog Update for June Month-End Closing in the Euro/Dollar Please note: While our ArmstrongEconomics.com blog is free to the general public, our Private Blog posts are not accessible on ArmstrongEconomics.com. They are only accessible on our sister website, Ask-Socrates.com. This website is a membership only service, and Private Blog posts are only available to members. […]
The very issue of the European Refugee Crisis highlights the entire problem with the European Union. There is no democratic union whatsoever. The issue of accepting refugees was a unilateral decision by Merkel alone. It was never put to vote in Europe. Once the migration turned to a full blown crisis, Merkel then insisted that […]
India has been fighting the gold trade for the past few years. They have sought to highly restrict it to prevent the net capital outflow. They even attempted to impose a 18% tax. As of July 1st, 2017, India is imposing a tax on gold bullion be it in coin or bar form of 3%. […]
COMMENT: Marty; Thank you for doing your conference in Hong Kong. It made it really convenient for all us from Downunder. You are probably aware that South Australia is broke and they just imposed a huge tax on the banks. They are calling it the “surprise tax” of $280 million on the top 5 banks. Many […]
Please note: While our ArmstrongEconomics.com blog is free to the general public, our Private Blog posts are not accessible on ArmstrongEconomics.com. They are only accessible on our sister website, Ask-Socrates.com. This website is a membership only service, and Private Blog posts are only available to members. To learn more about Ask-Socrates.com Standard Membership Level, click […]
Following-on from the weak US session, Asia drifted in sympathy. The news from the US Senate, after their markets had closed, worried Asia as they responded to the news. On the whole core markets were lower, the exception being a +0.7% increase in the Australian ASX. Shanghai and the Hang Seng closed around -0.6% lower. […]
