Will Biden Debate Trump?
The WORLD would love to see Donald Trump and Joe Biden square off in a debate. The American people deserve a fair debate and it is absolutely preposterous that the [...]
China’s Housing Boom
QUESTION: Mr. Armstrong; What about the Chinese housing bubble. Why has this been so different in many ways?
IX
ANSWER: The primary difference is the simple fact that Chinese cannot take their money out of the country under the capital controls. Consequently, the property market has become their bank account. They have been moving from public to private assets in China as well. This is starkly different from housing bubbles in the West where it was not a capital shelter due to capital controls.
Latest Posts
Powell Pessimistic After Q1
Powell reiterated this week that he does not see any short-term need to lower interest rates. The Fed remains delicate in its speech to the public. They knew that inflation [...]
American Households Hold Record Debt Q1 2024
The New York Federal Reserve reported that American households set a new record after plummeting into $17.69 trillion of debt, a 1.1% ($184 billion) increase from Q4 2023. Worse, the [...]
