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Market Talk- January 8, 2019

As the market waits for any headline materialising from the US/China trade talks, most Asian equity indices tread water. We did hear positive rhetoric from US Commerce Secretary Wilbur Ross that an agreement could be reached, but despite supporting market momentum more would be required. Tech and utilities have been leading much of the advances, […]

Raising Taxes by Redefining Who Are the Rich

QUESTION: I get up in the morning, make coffee and read your blog. Thank you for your service to humanity. Ok, so the Democrats want to go back to the 1950’s with 70% tax rates. Does that also mean they’ll reinstate the same deductions that were available back then? For example, passive activity loss rules would […]

Alexandria Ocasio-Cortez Proposed to Raise Individual Tax Rates to 70%

I have warned that all the talk behind the curtain I was hearing when the Democrats won the House was that as soon as they go in, they would be looking at raising taxes to where they use to be back before Reagan. Well it did not take long. The new Congresswoman from New York […]

Pocahontas to Run for President

The stage has been set and Elizabeth Warren, aka Pocahontas, is to Run for President. What is going to be really interesting besides her becoming more vocal now for the next two years, will be the revelation of how corrupt she really is. She has bashed the banks and is the closest thing to a […]

Market Talk- January 4, 2019

The initial headline that US and China plan to reconvene talks next week, was all it took to start the stock market bounce. However, added to this was that China lowered the RRR (Reserve Ratio Requirement) by 50bp initially then another 50bp later and that helped Europe to perform. Japan’s Nikkei (-2.25%) hit by commodity […]

Do Documents of the Government Belong to the Government or the People?

COMMENT: Dear Marty, Rudy Giuliani, Trump‘s lawyer and former mayor of New York, says Julian Assange of Wikileaks should not be prosecuted and compares his work to the Pentagon Papers. Kind regards, MS   REPLY: I totally disagree with the attempt to prosecute Julian Assange of Wikileaks or Snowden. The argument for his prosecution is based […]

Strong Dollar & Share Market

QUESTION: Dear Mr. Armstrong, I have a problem understanding how could Dow Jones keep hitting records in upcoming years if US dollar gets stronger. Strong dollar will hurt export. Could you perhaps elaborate on this topic a bit? JP ANSWER: Your question assumes the standard ANALYSIS based upon profits. Exports only account for 12% of […]

Market Talk- January 2, 2018

In early 2019 trading, it looked as though we were set to resume the ‘sell at any price’ trend. However, US markets managed to turn that around, but lets discuss that further down this report. Volumes were light in Asia, which is often the case when a major indices has a national holiday (Japan). Scarily, […]

Bureaucrats & their Lack of Common Sense that is Probably a Required Qualification

The story being used against Trump and his travel-ban against the four Muslim countries concerns the sad story of the terminally ill 2-year-old boy, whose Yemeni mother had to sue the State Department to get a visa to join him in a California hospital. His father was American, but the boy’s mother was Shaima Swileh, who had fled […]

Socialism violates the Freedom of Religion

The Socialists are out to blame Trump’s Tax cuts to argue why taxes should be higher. At the beginning of 2018, Trump imposed a spectacular tax cut making the USA much more competitive than its European counterparts. Trump argued that the tax reduction would contribute to the recovery of the economy and finance itself through additional […]