QUESTION: Mr. Armstrong; I read the quote that Kenneth Rogoff made about the predictions of the attendees at Davos. He told Bloomberg: “A joke, which I have been telling since the last meeting in Davos, culminates in the fact that the predictions made in Davos are always wrong… No matter how unlikely, the most likely event […]
The latest report on property tax comparisons within the USA has been released. A report from Attom Data shows just how nuts things are becoming with regard to taxes. Property taxes have become really insane in the North. The average annual property tax bill in Alabama in 2016 was $776 compared to the the highest average is New […]
Asia saw a mixed session today with almost everyone discussing the rising geopolitical tensions in the region. The initial move into safe-haven trades appeared to be short-lived and so we saw yen trade back into the mid 111 range having rejected the 110’s. The DXY closed strong on Friday and continues to trade strong. Exporters […]
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Russia’s Foreign Minister Sergey Lavrov telephoned Rex Tillerson concerning the attack on Syria. The minister had told Tillerson that allegations that the Syrian military had used chemical weapons in the so-called “poison gas incident” lacked any proof whatsoever. Lavrov and Tillerson had agreed to personally continue the talks on Syria, because it is increasingly looking […]
There is a civil war going inside the White House. There is the Steve Bannon clash with the president’s son-in-law, Jared Kushner, who’s taken on an increasingly prominent portfolio in the West Wing. Bannon has complained that Kushner and his allies are trying to undermine his populist approach and institutionalize Trump. I was concerned about […]
Trump has sent a demonstration of strength against North Korea deploying a group of aircraft carriers towards the Korean Peninsula. With the loose-canon in charge of North Korea, a show of force is not guaranteed to have any effect on giving him a second thought. The measure instead may more likely simply exacerbate tensions […]
The brewing violence on religious grounds is stirring to say the least. In Egypt, bomb attacks at two Coptic churches carried out by suicide bombers with at least 36 people killed on Palm Sunday (Palmsonntag) and more than 100 were injured. This is the most serious attacks on the Christian minority in Egypt in many […]
In Corsica, the left has stormed into an appearance of Marine Le Pen to disrupt her campaign. The leftist group Ghjuventu Indipendentista claims to be Corsican nationalists who want to separate from France. The group called for everyone to join using Twitter. The goal was to prevent Le Pen from making an election campaign speech in Corsica. […]
