QUESTION: Dear Mr. Armstrong, Zimbabwe is just coming out of a very hard time. Their currency is not (at least to my knowledge) recognised internationally. What advice would you give to the Government as they try to sort out this situation? Would you consider advising them on the way forward so that they do not make […]
The Pension Crisis is starting to be noticed in Europe. The German Finance Minister Olaf Scholz is arguing that the federal government has to guarantee the pension level until 2040. He is arguing that the government MUST come up with a plausible financing model which seems actually impossible. The increase in taxes to cover pension that […]
While in the US some people have discovered that running a YouTube Channel can get you in trouble with the law. One many found himself in Georgia with being charged with running a business without a license even though he was not selling anything just offering his opinion. Of course, there are two licensing options […]
The PBOC change in technical methodology for pricing Yuan was the reason for the stock rally in Asia this morning and also responding to Powell’s comments. It could be political, but the move does look to be underpinning the Yuan, for the moment, as we head towards the next round of Trade Talks. Slowing the […]
Italy is the third largest economy in Europe just behind France, but it is number two insofar as industrial production is concerned. The French manufacture three main brands, Peugeot, Citroen, and Renault, in the world of automobiles which are not very popular in the USA. The Italians, however, have the more recognized brands worldwide such as Ferrari, […]
QUESTION: Mr. Armstrong; I find your anecdotes fascinating and very enlightening how you always bought German cars and made money on them. Is currency the primary reason people often think something is a good investment when in fact it is really just currency fluctuations? PVB ANSWER: You are hitting the nail right on the head. The decline […]
While the Global Warming fanatics are out in force saying “see” the heat in Europe is caused by humans driving their cars around, they continue to ignore history. The extreme heat in Europe this year is part of a cycle. The swings from extreme heat to extreme cold are also not unheard of. Another piece […]
John S. McCain has died at 81. Of course, the media calls him a war hero which make other angry. But still, it is not an appropriate time to criticize the man. Condolences are appropriate for his family who survive him. It is never easy to lose a family member. What rises to the surface for […]
People really think we have free trade and somehow Trump is reversing that fact. This, of course, is how the press has portrayed the issue, but that is just far from the truth. Trump is now looking at putting a 20%-25% tariff on cars coming from Europe. Personally, I only have German cars so I […]
QUESTION: Dear Mr. Armstrong, I don’t know if you’ve heard the news but here down under in Australia, the Liberal party has just replaced the current Prime Minister Malcolm Turnbull to Scott Morrison. This is the 6th leadership change at the federal level since Kevin Rudd’s 2007 election. Each prime minister seems to only last about […]
