Tag Archives: Keynesian Economics

Mar 24 2017

The Dollar – Media – Interest Rates – Politics


Armstrong Economics Blog/USA Current Events

Re-Posted Mar 24, 2017 by Martin Armstrong

Uncle Sam & Media

QUESTION: Hi Marty,

A couple of questions please.  When the Feds raised the rates last week why did the dollar mover lower?  Also, with the trend change coming in May should we be out of the market?  If so how long?
Thank you
S
ANSWER: The Fed raised rates as expected but that same day there was the Netherlands elections and the current prime minister won against the extreme right. This gave a life of hope to Europe that maybe the status quo will prevail. That of course is good for a near-term bounce, but in reality, the false hope boosts politicians to do nothing to reform or alter the trend.
Then in the States, there has been thing constant attack upon Trump orchestrated by the media to stop any reform. They have sold our rights out willingly spreading the propaganda of terrorism as the excuse for everything right down to capturing every single phone call, SMS, and email. So the media has been trying desperately to prevent any reform and this has given a bit a pessimism that will run back and forth.
Still there is no indication of a major crash in equities.
Mar 24 2017

Jeroen Dijsselbloem insults Half of Europe


Armstrong Economics Blog/European Union

Re-Posted Mar 24, 2017 by Martin Armstrong

Dijsselbloem Jeron Eurogroup

Jeroen Dijsselbloem, Eurogroup President, has launched a storm of indignation as he insults half of Europe, illustrating the clash between the North and South. Dijsselbloem said of Southern Europe: “I can not spend all my money on liquor and women and then ask for your support.” This is how far politicians are disconnected from reality. Dijsselbloem will not accept any responsibility for the failed structure of the Euro and would never comprehend that converting all past debts to euros doubled the national debts of Southern Europe and acted like they were strip-mining their economies, sending unemployment among the youth to about 60%. No, all the problems with the euro are not that Southern Europe is spending all their money on booze and women.

Former Italian Prime Minister Matteo Renzi called on the Dutchman to resign on Wednesday. In the European Parliament, too, the Social Democrat’s statement crossed the party’s point of incomprehension. The attitude of the politicians in the North of those in the South has always been one of indignation. This was why they would not consolidate the debts of all members, because they told me back in 1998 it would appear to be a bailout for the lazy South. That is why they left each country with its own debt.

Categories: European U
Mar 24 2017

Market Update for the Close of March 24th, 2017


Armstrong Economics Blog/Dow Jones

Re-Posted Mar 24, 2017 by Martin Armstrong

DJIND-W 3-20-2017

 

Today a closing above 20775 will signal that the Dow Jones Industrials is still holding firm. We see this period into May as consolidation.  We have technical support at 20147 level and technical closing support at 20702. ONLY a weekly closing below 20000 would confirm a more sustainable correction into May. Otherwise, expect choppiness. The bulk of analysis still calls for a crash. This has been the biggest rally in history with the biggest amount of bearishness perhaps ever in history.

DJIND-W FOR 3-23-2017

We can see this week in a turning point and we should begin to see more volatility ahead. But you can see a choppy trend over other week for right now. A closing today above 20640 will also signal the market is still withing support.

If gold closes March below 1243, this will warn that a correction into May is possible. This has been merely a 3 month reaction so there is still nothing to write home about just yet. Today, gold MUST close above 1245.50 to hold on to any gains.

IBEUUS-M FOR 3-23-2017

The Euro has a Weekly Bullish Reversal at 10855. Only a closing above that level will signal strength. Otherwise, caution is still advisable. Our monthly timing models called for a bounce here into March. The next important turning point will be May

Mar 23 2017

Fact Check: Four Major Holes In Rep. Adam Schiff’s Trump-Russia Conspiracy Theory


Hey the poor guy is a Demorat and he just lost a major election and that through out 30/40 years of trying to remake America into a Marxist state so give the poor guy a break … lol

Mar 23 2017

#Vault7: WikiLeaks releases ‘Dark Matter’ batch of CIA hacking tactics for Apple products


The CIA went way to far …

Mar 23 2017

I live in a Commonwealth. They are trying to make my wealth common!


Armstrong Economics Blog/Basic Concepts

Re-Posted Mar 23, 2017 by Martin Armstrong

Pick-pocket

COMMENT: Sir,

Growing up in Kentucky, I remember one of my friend’s fathers always grumbling, “I live in a Commonwealth. They are trying to make my wealth common!”
      Just another phrase for a “sharing economy”.
       Keep up the good work
       DK
Mar 23 2017

The Rise of Populism – Here to Stay


Armstrong Economics Blog/European Union

Re-Posted Mar 23, 2017 by Martin Armstrong

Change-Resisting

QUESTION: With the Netherlands voting against Wilders, do you think the tide is turning? Will Europe survive?


ANSWER: It may have been a huge sigh of relief for the global socialists/progressives with the loss of Geert Wilders on March 15th, but there is a clear undertone of rising discontent within Europe. Likewise, the AfD in Germany will most likely also not win. Nevertheless, Wilders was the extreme among politicians in Europe who was openly Islamophobic and EU-hating to the very far-right. Still, Geert Wilders and his Party for Freedom (PVV) have indeed still ushered in the dawn of a new populism in Europe, which is always against the establishment. That was in fact what swept FDR into office in 1933, Hitler in Germany also in 1933, and Mao also in 1933. Wilders may have been called “the Dutch Donald Trump” with a strong early lead in the polls, but at the last minute the current prime minister Mark Rutte came out ahead by a decent margin.

Roosevelt Baking CartoonPopulism is always seen as the great evil. That was how it was being portrayed by the mainstream media for the 1932 election won by FDR. Today, it is a return toward isolationism. The Americans were very against getting involved in both World War I and II. FDR went to Boston to promise their sons would NEVER go to Europe to defend the British. The Irish dominated Boston and they would not vote to send their boys to defend the British after the way they were treated.

American fled Europe because of all the political inflighting. They were isolationists and felt Europe should fend for itself. It was the politicians who lied and did whatever it took to maneuver the opinion to support their desire for war. We are merely returning to a period of isolationism after countless wars and attempts to create nation building so politicians can pound their chests.

By no means should we view the Dutch elections as this is the end of populism. It is just getting started because politicians have abused the people countless times. The loss of Wilders emboldens the EU politicians not to reform, but to make this far worse. Sure, the euro bounced. But this is nothing to write home about.

The important change in trend will come in May. The major turning-point appears to be 2018. Keep in mind that without change in leadership, Europe is doomed. They will only pursue the very same policies that have given rise to populism in the first place.

Mar 23 2017

Marxist Socialism now relabeled as the Sharing Economy


Armstrong Economics Blog/The Hunt for Taxes

Re-Posted Mar 23, 2017 by Martin Armstrong

Canada CRA

In Canada, I was in a discussion with a socialist politician. I was shocked at the response to their view of the economy that everything you earned belonged to the state and they decided how much you were allowed to keep. This same attitude is displayed by the Canadian Revenue Agency (CRA). They have cleaned up the way they say it softening the words and injecting a new term calling this a “sharing economy” and equating it to five key sectors of the sharing economy as being: “accommodation sharing, ride sharing, music and video streaming, online staffing, and peer/crowd funding.” The CRA is now selling socialism by relabeling this as a new “sharing economy” that assert “is becoming bigger part of the general economy, and that it is cooperating with industries, provinces, and territories on how tax systems and compliance is affected by such changes.”

This new “sharing economy” is Marxist socialism warmed over. The CRA says: “The sharing economy is a technologically fuelled way to consume and access property and services.” They added: “In this economy, communities pool, loan, and share their resources through networks of trust.”

You are not capable of being able to manage your own affairs and are way too stupid to understand what is the best way to spend money. Therefore, the CRA explains that the tax obligations for individuals or small businesses involved in the “sharing economy” means they MUST report ALL income earned through “such activities, as well as meet goods and services tax/harmonized sales tax requirements.”

Mar 22 2017

GLOBALISTS MEET TO OPPOSE TRUMP’S EXECUTIVE ORDERS ON IMMIGRATION


Trump for the American Citizens not all the worlds Riff-Raff that don’t belong here!

Mar 22 2017

British police accused of hiring Indian hackers to spy on journalists & campaigners


Of course they are doing this and have been for a while but keep in mind that in the Utah is massive federal complex that has been on line for a while now where EVERYTHING that is electronic has been captured and store on tens of thousands of HD’s and it can be retrieved when needed. So everyone that uses a phone a cell phone or email or now a computer connected to the cloud has had ALL of that collected and stored. The NSA and the CIA can access that when ever they want!