Bitcoin Hits ROCK BOTTOM & A REVERSAL Seems NEAR
Bitcoin Hits ROCK BOTTOM & A REVERSAL Seems NEAR
— Read on www.bitchute.com/video/eHJ5MT85-F0/
Bitcoin Hits ROCK BOTTOM & A REVERSAL Seems NEAR
— Read on www.bitchute.com/video/eHJ5MT85-F0/
Bitcoin Hits ROCK BOTTOM & A REVERSAL Seems NEAR
— Read on www.bitchute.com/video/eHJ5MT85-F0/
Despite the carnage that has hit emerging market currencies such as the Turkish lira, the Argentina peso and the South African rand, Asian currencies are
— Read on classiarius.net/asias-currencies-firm-up-despite-peers-being-damaged/
Is the economy “overheating,” or is it “humming” along smoothly? Should the Federal Reserve “prime the pump” to spur investment, or “pump the brakes?” Such questions of course use an engine metaphor to describe the economy. But why?
— Read on mises.org/wire/why-economy-engine-metaphor-so-wrong
China is the global economy’s 600-pound gorilla, second in size only to the US.
— Read on www.mauldineconomics.com/frontlinethoughts/chinas-command-innovation
QUESTION: Mr. Armstrong; Do you agree with Trump that if he canceled NAFTA, the United States would be better off? SN ANSWER: Ironically – YES from a jobs perspective, not the consumer. What you have to understand is that these trade deals are all nonsense. They are NOT Free Trade in the least. They are compromises so politicians can pretend they have accomplished something. Take the deal with Europe. France’s position was that nothing can be called “Champagne” unless it comes from that region in France. Every trade negotiation is a compromise that maintains protectionism. In that regard, if Trump actually canceled NAFTA, his boast that the US would be better off is meant that all products would then be subjected to tariffs and all of the American industry would be protected. Now, that said, this view is that of the worker – not the consumer. All of these trade negotiations are one-sided. They are always focused only on jobs and not producing the best price for the consumer which in turn raises our standard of living. I have never encountered even one politician who has EVER defended the consumer in trade deals. This violates the principle of Comparative Advantage put forth by David Ricardo. It’s true that Saudi Arabia could grow lettuce but the cost of irrigation in the desert would make the cost 10 times more than simply buying it from Europe or North America. It would cost the consumer far more to simply grow that product in the desert than importing so it is best to buy it elsewhere and focus on your productive capacity in which you have some comparative advantage over others.
— Read on www.armstrongeconomics.com/world-news/world-trade/trump-threatens-to-cancel-nafta-if-congress-interferes/
As Musk Goes Nuts Publicly, Tesla Bondholders Get Antsy | Wolf Street
— Read on wolfstreet.com/2018/09/05/as-musk-goes-nuts-publicly-tesla-bondholders-get-antsy/
QUESTION: Mr. Armstrong; I believe the next migration out of California is now also impacting Silicon Valley. Do you see elements of this moving to Austin Texas as the rumors are here in California? HY ANSWER: Yes, the rumors are correct. Silicon Vally if you ranked it as its own nation, it would be in the top 20 in the world even exceeding Switzerland and Saudi Arabia. Most people have no clue the economic significance of Silicon Valley. The real crisis for California is that the net migration has also manifested in Silicon Valley. There were more people leaving Silicon Valley and moving out of state than there were people arriving. In fact, polls taken in the region say that 46% of the people intend to leave which is up from 34% back in 2016. There are now more start-ups beginning to form outside of Silicon Valley. The costs of just setting things up are estimated to be between 4 to 5 times that of places like Austin Texas. The taxes are insane and the State has relied upon the high taxation from this area to support its grand plans elsewhere. It is just too expensive for innovation to take place in this area anymore.
— Read on www.armstrongeconomics.com/world-news/taxes/silicon-valley-experiencing-net-migrations-outward/
Vote with your feet
If we analyze the consensus expectations of analysts and investment banks at the end of 2017, the conclusion was unanimous: Buy Europe and emerging against the United States amid weakening US dollar estimates in 2018. And it has been exactly the opposite.
— Read on mises.org/wire/question-jackson-hole-will-fed-bail-out-world
My Theory about Gold and Silver for Long-Term Investors | Wolf Street
— Read on wolfstreet.com/2018/09/04/my-theory-about-gold-and-silver-for-long-term-investors/
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