The head of the Federal Reserve, Janet Yellen, has warned politicians against turning back financial market regulation, yet she herself does not comprehend what the regulation truly accomplished. She has warned that any adjustments to the framework should be discreet. The Jackson Hole gathering turned out to be financially tense. Yellen admonished politicians stating bluntly that […]
Quite honestly, the all out war on Trump from the very beginning has been constant. There is not a single thing he has done that is not turned into a scandal. His harsh talk against North Korea seemed to work and forced Kim to back off. Nevertheless, they said Trump was the antagonist and one […]
The special counsel Robert S. Mueller III, who is leading the Russia inquiry against Trump, executed a search warrant at the Northern Virginia home of President Trump’s former campaign manager, Paul J. Manafort, for tax documents and foreign banking records, according to a person familiar with the matter. Normally, Mueller would simply ask Mr. Manafort’s lawyers […]
Main talking point out of Asia this morning were the continued strong earnings reports and the subsequent buying conviction. In Hong Kong the Hang Seng gained over 1.2% whilst the domestic Shanghai index rallied near 2% after earnings beat expectations to finish the week well bid. We saw solid gains in Financials, energy, communications and […]
Australian Senator Pauline Hanson entered the Senate in a burqa. While others immediately condemn her for anti-Muslim stunts, what about women’s rights? Did that die with the Sixties? Hanson has said that “these people” who wear burqas “should go to a country that suits their needs.” Should the West change its culture to accommodate those who […]
I have written before that if you go extreme right and extreme left, you reach the same political position with two different thought processes – more state power. With all the press of the Alt-Right since CNN can then attribute that to Trump and call him indirectly a fascist, they will not put the spotlight […]
Governments first imposed taxes on alcohol and cigarettes under the claim that they were trying to make people stop for their own good. But as always, as the governments became addicted themselves to the tax revenue. Now they have taken the same theory and applied it to tax soft drinks in Philadelphia naturally because they care […]
We have seen yet another weaker day with the Nikkei declining once more. It had the opportunity to perform but was dragged lower by Industrials, Metals and Manufacturing. The yens strength throughout the week has seen no retracement and remains close the 109 big figure. Core China and Hang Seng both off-set each other with […]
QUESTION: Mr. Armstrong, looking at the analysis of Socrates on gold we see that the Momentum is bullish, trend is bullish, cycle trend is bullish, but Long term is bearish, how does that square with your call that Gold is going up to $5,000.00 when the long term is bearish. Thank you. ANSWER: Looking very […]
France has proposed setting up camps inside Libya in order to control the migration flows. Macron has acted alone once again illustrating that the EU design fails. Macron is once more pursuing the objectives of a neo-colonial power restoring France to its former glory not unlike Putin. Macron wants to control Libya settling in the area taking control of the […]
