The European idea of taxing financial transactions is nothing new. The EU aims to tax financial institutions a minimum of 0.1% on purchases of shares, bonds and other securities, and a minimum of 0.01% on the notional amount of derivatives traded either on- or off-exchange. Historical evidence indicates that this will discourage foreign investment while increasing […]

The Global Market Watch has been posted for the close of December 27th, 2013. https://www.armstrongeconomics.com/market-watch/

QUESTION: Does your volatility wave based on units of 6 also apply to the Cycle of War since your 8.6 year wave builds in intensity into 6 waves of 51.6 years? Thank you for all you provide. You do open minds. HC ANSWER: Absolutely. In fact, this is why I am concerned with this particular […]

Japanese leaders visited the War Memorial and the Chinese press has urged retaliation. China is feeling its strength and many there still hate the Japanese. It is even very hard to find a Japanese restaurant in Beijing or South East Asia for that matter, The resentment against the Japanese runs very deep and ruling out […]

QUESTION: Does Europe have the same cultural differences that the United States has between regions? ANSWER: Absolutely. This is part of the problem that we face for as the economy gets worse, those cultural differences will be the source of political unrest and fragmentation. If you look at the nations of the former Soviet Union, […]

The Dow Jones Industrial Index has rallied into the 11th day from the low reaching 16529. The key resistance is still at 16650 and any breakout that will start to run to the upside will not unfold until we exceed that level, fall back to retest, and then run to test the 20,000 level. Today […]

The study of Professor Miles Corak is being used to justify more Socialism to support the argument as proof positive that the American Dream has failed. The American Dream has been defined as economic freedom and in this light it is rooted in Adam Smith and Laissez-faire  economics. It is essentially Equality of Opportunity that remains as the […]

The Euro officially began trading January 1st, 1999. That was an eventful year for its also marked the low in Gold. Now at the pre-Christmas Euro summit, the mood was rather grim and even Merkel is wondering if the Euro will survive. The Euro should seriously crack 17.2 years from its birth and that would […]

The CONFIDENCE in government is truly collapsing. The latest CNN Poll shows that 73% of Americans feel Congress has done nothing worthwhile. The approval rating for the Democrats has collapsed by 6% and this is all part of the process of shifting from a Public Confidence Wave to a Private Confidence Wave.   There are […]

The Global Market Watch has been posted for the close of December 26th, 2013. https://www.armstrongeconomics.com/market-watch/