Illinois House had voted 72-45 to pass a 32% income tax hike as government refuses to address the real issue of a never-ending need for more and more tax revenue to keep state employees rolling in their pensions. The governor vetoed the tax increase and he was overriden. There is absolutely no hope for Illinois. […]
It was just one day after the first test of an intercontinental rocket by North Korea, that the US demonstrated military strength and threatened further sanctions against the isolated state. We have to understand that we are dealing with a pampered Kim Jong Un who will never yield to sanctions and countermeasures of rocket tests. […]
Refreshingly, the markets tended to ignore geopolitical tensions escalating around North Korea after the recent missile test. All core markets returned positive today with China performing for both markets. The Shanghai recovered early weakness and closed up 0.75% on the day, whilst in Hong Kong the large cap’s weighed much on the shine but still […]
The governor of California is just insane and out of control. Besides the boasting that California is its own country free to enter into treaties with Europe against the Constitution, now Governor Brown is restricting the freedom of movement of its citizens, creating a list of states within the USA that California is imposing […]
QUESTION: Mr. Armstrong; it is becoming obvious that China follows your advice to the last letter. That makes sense when you were the western adviser they flew in to Beijing during the 1997 crisis. You told them to bypass the primary dealers and demand to buy US debt directly and they did within 30 days. […]
COMMENT: Dear Marty I’m doing business w companies in Holland. So I go there with a colleague to visit one of the factories outside Amsterdam. We rent a car and drive there. Everything is fine and all. No problems with traffic, finding our way or so … After leaving Amsterdam back home it […]
Whenever there is a national holiday and especially July 4th, volumes are light which can result in larger moves and higher volatility. Given that North Korea tested another missile earlier today the effect on markets was more extreme than would otherwise have been expected. The Hang Seng took the brunt of the move closing down […]
There is a revolution coming that is engulfing the world. Governments are broke and are taking drastic measures to stay in business. Not all revolutions are bloody. There have been revolutions such as that in Russia when the army stood down and would not fire upon the people. Even in Saudi Arabia, there is […]
Some refreshingly strong data released in both Japan and China has helped market move on a note. We saw the BOJ’s TANKAN (business confidence data) show an improvement from previous quarterly number at +17 (prior was +15). This has helped push the Nikkei a little better but sees the JPY trade weaker now with a […]
