QUESTION: Marty; There is talk that Britain will join NAFTA rather than the EU. Does that make sense? What do you think? ANSWER: The EU is in a death spiral. Every law they pass is to preserve their own power – not for the good of the people or Europe. Once again, the government solution always […]
Donald Trump launched his Real News to combat the Fake News. Interesting turf battle. What I can say is that many people in Florida are very upset with CNN and their whole coverage. The frightened people so much that they were paying $7,000 for a flight out of town. There was no 15-foot wall of […]
QUESTION: Hi Mr. Armstrong, I am 19 and just started college at Georgia Tech. I’m a fan of your blog and greatly respect you and your team. I want to ask your opinion in regards to choosing a major in the modern university system. I applied a business major and received a ~$30k scholarship (distributed […]
Mario Draghi, declared the intentions of the ECB were to keep rates low, well after the bond-buying program has ended. Draghi stated this was important to keep borrowing costs at bay and promote solid growth within the Eurozone. The EUR/USD rate, is still in the 1.18 region losing 20bps today. The big ECB rate decision […]
Private Blog – Dow for October 12th, 2017 Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.
QUESTION: Dear Mr. Armstrong, You said that people and institutions from Europe send their cash to the US to get a higher yield. This makes a lot of sense. At the same time, the dollar has been falling. You have also stated that US institutional investors are sending money to developing markets to get a […]
In France, tens of thousands of people went to the streets for the first time in ten years in protest against Macron. All 5.4 million public employees went on strike. The protests are directed against the planned elimination of 120,000 official posts and the end of the welfare state as many see it. In addition, Parliament has […]
QUESTION: Mr. Armstrong: I find it disheartening the more I try to advance my family to build a better future for them, the more I realize that the harder I work we do not really get ahead. I agree that taxes just keep moving higher and I am now looking for a job in my […]
In his farewell interview for the Financial Times, Federal Minister of Finance Wolfgang Schäuble warned of a new global financial crisis predicated upon the Quantity of Money theory that the central banks had pumped trillions of dollars into the financial system that is creating a risk of “new bubbles”. Indeed, many just do not comprehend […]
By reading the FED minutes, the officials outlined plans for a December rate hike as well a further 3 rate hikes next year. This was not a real surprise; the Fed funds estimate of 77% for a 25bp hike prior to minutes being released. The FOMC officials outlined they had deep concerns over the low […]
