One of the more interesting downsides of the collapse in socialism is the impact upon the elderly. The data now shows that since the 2007-2009 recession, about twice as many elderly are still working. When interest rates decline, income from savings collapsed. So while the theory was to lower interest rates to “stimulate” the economy, the […]
QUESTION: Mr. Armstrong; It has finally dawned on me what Socrates is all about after reading your post on Complexity. It is not just a program on conventional computers. Nobody has been able to create a system that actually writes reports. You have created a synthetic quantum computer. Correct? JS ANSWER: Very good. Correct. That […]
A lot of people have emailed in about the outrageous taxes being imposed on those who own boats. A number of people are complaining about California that they sail there and dock in San Diego briefly and go visit Mexico and then get a property tax for having a boat even when they are not citizens […]
Much of todays talk surrounded currencies and the talk of combined intervention! Whether it was or wasn’t is immaterial, but what we did witness was a turnaround in the US Dollar strength against most geographies and at the same time a steepening in core bond markets. These currency bounces helped many markets to recover some […]
Politicians are truly amazing. When they need money, they are never short of ideas of things to tax. New Jersey is proposing to now tax water from the tap. The proposal is being submitted by State Senator Bob Smith D-Middlesex. Of course, Smith is trying to say it’s not actually a tax and calling it a “user […]
QUESTION: You said while the energy output of the sun declines, at the same time the summers can get hotter. It seems strange but my daughter lives near you in Florida and it is hotter here in New York. Is the weather just getting crazy? ANSWER: This summer we should see sweltering heat build across […]
https://www.armstrongeconomics.com/wp-content/uploads/2018/07/putin-trump-browder.mp4 What is interesting about the Trump & Putin press conference is how the Western Media focuses on the claims of Russian interference in the US election and refuse to report any involvement of the New York Banks attempt to take over Russia by blackmailing Yeltsin. Putin says very clearly that Mueller can go […]
The strength of the USD is starting to become a lot more visible over the past 48 hours. In some countries, its looks as though currencies require a helping hand just to slow their downward spiral. In Japan the battle surrounding the Yen being a safe-haven or not continues, but looks to be losing […]
QUESTION: Do you think that quantum computing will really change the world and is it feasible in our lifetime? FD REPLY: Quantum Computing is the first real change in computer science. Traditional computers encode information in bits which are essentially magnets that store a charge and that created the binary code of 1 and 0. Therefore, […]
Rio Tinto has employed the first fully autonomous train, which many are calling the world’s largest robot. Rio Tinto’s project has eliminated humans and that saves on pensions and salaries. This is the way of the future because of exponentially rising human costs. The train completed its first delivery of iron ore between the company’s […]
