China’s Industrial Data release marginally above expectation but Investments let them down and tended to quell afternoon anticipation and we closed only small positive. It may also have been the weakness of other core markets that also had an impact as both Hang Seng and ASX closed over 1.2% down the pair. It was energy yet […]
Merkel is calling upon the G20 to regulate the internet. While she is pretending to be concerned about cyberattacks, which no regulator can prevent, you have to look into the finer details. Chancellor Angela Merkel called for a global regulation saying: “Industry 4.0 will have to go through the process that we have already gone through […]
The European Union is preparing the legal basis to take over London’s extensive trading business with euro derivatives. This is just another complete failure of bureaucrats to comprehend market function. Perhaps they should also outlaw euro trading in the USA and Asia. That would be real smart. Then they can all sit down and play […]
James Hodgkinson of Belleville, Illinois, is the alleged shooter who tried to kill the Republicans at a charity baseball game. This is the problem with such hate speech playing out against Trump. They fail to realize that there are people who believe every word no matter how insane such as Putin is now running the […]
Despite better than expected data from domestic China (Retail Sales 11% and Industrial Production +6.5%) it was not sufficient to support a positive close. Shanghai finished the day -0.75% as talk that Private Investment growth slowed suggesting a lack of demand for small and medium sized companies; Private Investment is the bulk of the buying […]
Governor Jerry Brown of California is committing treason Against the United States. He is leading a confederacy against the Federal Government and should stand trial, but of course that would be controversial. After Trump rejected the Paris Climate treaty, which had never been ratified by the Senate, the European Union announced that it would work […]
Apple’s Company in Doha, Qatar, has been added to a list of 59 people/institutions that are considered to be funding terrorism (directly/indirectly) by Saudi Arabia, the United Arab Emirates (UAE), Egypt and Bahrain, according to Al Arabiya . It has stunned many to see the Doha Apple Company listed among the financiers of terrorists. It is not […]
QUESTION: Mr. Armstrong; I read your Impeachment Report and it was a real eye opener. I was impressed with your legal expertise. For that reason, the entire Comey testimony never addressed Russia as a threat and he seemed to be saying this was all a personal matter with Trump that he was fired for. He […]
Tech shares continued to suffer in Asia but failed to influence the wider markets, but by the close even they had turned positive. Having been closed yesterday, today we saw a healthy run in the ASX (+1.67%) after the report that Business Confidence for May released better than expected. Banks led the rally with CBA, […]
Then we have workers being replaced by robots along with driverless cars. Here too, thanks to the elitists like Bill Gates, who suddenly wants to be an economist, he comes up with the solution that the government should tax robots as if they are workers. This, he proposes, would prevent the depletion of the government […]
