The IMF has continued to assume that the zero-bound on interest rates can be a serious obstacle for fighting recessions on the part of the central banks. The IMF maintains that the zero-bound is not a law of nature; it is a policy choice. The latest in the IMF papers argue that tools are available […]
Normally, I would not credit anything an Attorney General ever had to say about any case. However, Attorney General William Barr said Saturday: “I was appalled to learn that Jeffrey Epstein was found dead early this morning from an apparent suicide while in federal custody.” The only reason I credit his statement is the fact […]
It did not take long – Epstein is dead as expected. No way would he be allowed to go to trial. He was denied bail after offering to pay for 24-hour guards and wearing a GPS bracelet. He was denied bail in order to ensure he would never go to trial. He was held in […]
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Malaysia filed criminal charges on Friday against 17 current and former directors at subsidiaries of Goldman Sachs Group Inc (GS.N) following an investigation into a multi-billion-dollar corruption scandal that led to the demise of state fund 1MDB. Those charged include Richard Gnodde, chief executive of Goldman Sachs International, Michael Evans, president of Alibaba Group Holding Ltd […]
COMMENT: Hi Martin, Being 100% in agreement with you about Climate Change I thought you might be interested in 2 newly released research projects one from Finland and one from Japan: The Finnish researchers conducted by Turku University, state in one among a series of papers, see: (https://arxiv.org/pdf/1907.00165.pdf) “During the last hundred years, the temperature […]
QUESTION: I do not believe you have ever commented on Eric Cline’s book 1177BC, the year civilization collapsed. Do you think this is likely what we face or is this different? WL ANSWER: There were about eight civilizations that all collapsed with the exception of Egypt post-1250 BC. It was caused by a major shift […]
QUESTION: Dear Mr. Armstrong, reading your blog daily I am wondering how much and what exactly has to change in the peoples’ minds apart from the global changes that will manifest through all that is in alignment according to cycles that you have presented to the world. You are one of the few people, but […]
QUESTION: I moved from calif. and bought a home in Nevada but I took a loan on the home instead of paying it off. My question should I pay off the house or invest the money. With what is coming I am confused on this issue. TM ANSWER: If you have a FIXED mortgage, […]
QUESTION: Dear Mr. Armstrong, First of all, I have to say that I admire your economic confidence model and I am grateful that you publish your blog posts publicly. Hopefully, I will make it to one of your conferences one day and get to know you. Probably most of your subscribers are a bit older […]
