By cross-referencing tree-ring data and coral core samples, a team of researchers have revealed that Australia suffered the worst drought in history before the whites settled there from Britain. There was virtually no rainfall and rivers simply ran dry. Much of the wildlife died and massive bushfires ravaged the landscape, as we see in California these […]
As there is a drive to eliminate cash, police are engaging in illegal search and seizures of debit cards. More and more businesses are refusing to accept cash, which was noted even at a ball game at Tropicana Field in Florida. They announced that during in 2019, they will no longer accept cash to pay […]
We are approaching 31.4 months this February from the original Brexit referendum on June 23, 2016. After such a period, the British government’s incompetence is shining through. The EU wants a hard border in Ireland all because they fear that goods could creep from the North to the South without them getting their […]
QUESTION: Mr. Armstrong; Standard Chartered has forecast that Russia will overtake Germany as the world’s fifth largest economy, possibly as early as next year in 2020. Would you care to comment if that is possible? GP ANSWER: It is clear that Russia’s economy is not impacted by the stupid US sanctions for going into Ukraine. Historically, […]
The reality these days is that more than 50% of older workers are pushed out of their longtime jobs before they choose to retire. The major factor in this trend is their pension. Pensions are bankrupting both private and public sectors for the entire idea is showing impractical economic stress. Before FDR and the great New Deal, people […]
Trump should reverse what the Clintons did to student loans. He should RESTORE the right to go bankrupt. This huge problem was created by the Democrats who exempted student loans from normal protection for consumers. In addition, the bankers then exploited the entire issue by getting parents to co-sign. The entire argument for eliminating the […]
QUESTION:Dear Martin: Do you have any concerns for the equity markets from the upcoming conversion from Libor to SOFR (the secured overnight financing rate). A recent article from Business Insider highlighted the following: “Libor, linked to about $350 trillion worth of financial products, will be replaced by an alternate pricing benchmark for everything from mortgages […]
QUESTION: Bernie Sanders was basing his whole economic proposal to just keep spending and make everything free. They seem to be teaching this in school now. This macroeconomic theory whereby a country’s spending is only constrained not by revenue in taxes but by inflation when it creates a sovereign currency. It seems too good to […]
It very clear that Mueller is acting like any other prosecutor and is using the press for PR stunts. CNN’s reporter David Shortell claimed he had “reporter’s instinct” which led him to get footage of Roger Stone’s pre-dawn arrest, not a tip from the FBI or special counsel’s office. That is about as credible as all […]
QUESTION: Mr. Armstrong; I have studied you Economic Confidence Model and found it to be extremely accurate in forecasting the business cycle. When I showed it to my professor here at ——— he responded that itis impossible to forecast the business cycle. He would not even engage in a conversation about it. Why are they […]
