The retail sector has been stagnant and most people are blaming AMAZON. A closer look is really required rather than the typical superficial analysis. Today, online sales represent only 8.5% of total retail sales. Amazon comes in at $80 billion in sales, but this merely amounts to just 1.5% of total U.S. retail sales, since 2016 total retail […]
US President Donald Trump may be a good businessman, but in politics, he just does not get it. Politics is all about ego and back-stabbing. It is not about logic and the art of the deal. After just ten days in the office, Trump’s communications chief, Anthony Scaramucci has been forced to resign. The Chief […]
The Democrats are realizing that recent polls show that only 37% of people believe that the Democratic Party stands for something while the rest think they just oppose Trump. The Washington Post carried the comments of Chuck Schumer who effectively blasted Hillary for blaming everyone from Comey to Russians and sending the country ever closer […]
The dollar correction for this Year from Political Hell is still in motion, but there is no major change in trend that is at hand. In the British pound, the Monthly Bullish Reversal stands at 13485 level on cash. In the Euro, the Monthly Bullish remains up at 12885 with a Minor Monthly Bullish at […]
QUESTION: Mr. Armstrong; Trump appoint another ex-Goldman Sachs guy as the head of the SEC. Some say he is not draining the swamp but filling it. Care to comment? ANSWER: Walter J. “Jay” Clayton III firm where he worked represented Goldman but he did not work for Goldman. He comes from Sullivan & Cromwell, which represents just […]
In the latest Bloomberg Poll, Hillary’s favorable rating came in at 39%, below that of Trump. The interesting thing is the mainstream media is still bashing Trump with the Russia conspiracy that he somehow colluded with Putin to beat Hillary. Of course, all they press in that Russia hacked the emails. They never say that […]
A lot of people have picked up on the mention of the Magnitsky Act is Donald Trump, Jr. statement of a meeting with a Russian woman. Trump Jr., said the meeting was “the most inane nonsense I ever heard. And I was actually agitated by it.” I seriously doubt that the woman explained the full background […]
QUESTION: Mr. Armstrong; Are you aware of the 1988 Economist article predicting that in 30 years from then we would all be using the same currency? That is strangely your target of 2018 when you have warned that the Monetary Crisis will begin then. I met an attendee from your 1985 WEC there in Hong […]
Merkel chaired the G20 summit and she completely and utterly failed to lead G20 to a successful conclusion. Well of course, Merkel lost control of the streets of Hamburg, which looked more like a civil war challenging her authority. However, Merkel thought she could score a major diplomatic triumph by getting everyone together to gang-up […]
