There are only a handful of people throughout history who I admire and wish I could have shaken their hand. Thomas Jefferson was one of them. The Fourth of July is all about the signing of the Declaration of Independence which Jefferson authored. We hold these truths to be self-evident, that all men are created […]
QUESTION: You said the “crash is in the debt markets”. Can you please explain how that will evolve? Liz M. ANSWER: Once upon a time before 1971, there used to be a difference between debt and cash. Government bonds were not acceptable for collateral. You could not borrow against them. You had to liquidate them. […]
QUESTION: Would you care to comment on the Democratic debate? EH ANSWER: There was really nothing to comment on. The polls show Joe is at about 41%. The traditional Democrats will never vote for Bernie or Elizabeth Warren. The Millenials are the big supporters of Bernie. The Democrats are not yet ready for prime-time. There […]
Civil unrest is continuing to rise in Hong Kong after crowds of mask and helmet wearing demonstrators fled the area to escape hundreds of riot police firing tear gas. The entire issue has arisen from Lam’s government pushing legislation that would allow extraditions to China, a move that alarmed locals and multinational companies. The clashes […]
The Reserve Bank of Australia has cut the official cash rate for the second month in a row to 1%. As we head into the turning point of the Economic Confidence Model come January 2020, the unemployment rate increased to 5.2% in April. GDP growth remains very low at 0.4%, wage growth is sluggish, inflation […]
COMMENT: Marty, the winter of 2018 has been the coldest ever. We lost so many heads of cattle here in Montana, I have never seen it this bad in my lifetime. These people preaching global warming belog in prison. JH REPLY: The federal Livestock Indemnity Program paid out $11.1 million for the loss of 37,352 […]
The Global Warming conspiracy is going to seriously harm the European economy. The political intolerance for the combustion engine has German engine suppliers in a crisis. It appears that there is certainly no more money being invested in any technology to do with the combustion engine. That also means that the unemployment in that industry […]
QUESTION: Mr Armstrong, love your blog, as with all your readers its opened my eyes to new ideas and ways of looking at the world. I’m a recent computer science graduate who’s very interested in finance and trading so I read your blog every day and have a subscription to Socrates. I read a post […]
QUESTION: During the WEC I came to understand Real Estate will crash. Then when looking at Socrates, it shows real estate indices, however I do not recognise these trends. First I thought they were in $, I need to translate them to euro base to recognise the trend. But no, the real estate indices in […]
QUESTION: Hi, Enjoy your blog. Can you explain the cause of homelessness in the US and what should be the cure? Thank you Brian ANSWER: Many of the homeless are not exactly social. Every time I drove into Philadelphia, I always saw the same man on the street with a sign saying he was homeless. […]
