COMMENT: Hi Marty, As a former research scientist I read your blog post “The Plight of Junk Science in All Fields” with great interest. You wrote: “You just didn’t really hear the “oops we were wrong” but instead you heard of another great danger – saturated fat! It became evident that cholesterol in food by […]
https://www.armstrongeconomics.com/wp-content/uploads/2017/06/1996-Feb-WEC-Canada-Conf.mp4 Many people have asked how far do we may forecasts at our conferences. Here is a clip from the February 1996 World Economic Conference (WEC) forecasting the Dow would rally from 5500 to 7000 and perhaps to 10,000 on capital inflows by 1998. In this short clip you will see that this forecast was […]
I reported previously that the European Commission is seeking to take the clearing of the Euro derivative transactions from London and move them to Paris. The European Central Bank (ECB) is warning that it must secure strong access rights for the supervision of the cross-border settlement of financial transactions after the departure of Great Britain from […]
So far, Prime Minister Theresa May has been unable to form a majority government. She is now officially on the clock and being unable to strike a deal means her government will fall apart. Negotiations with the Democratic Unionist Party, a far-right Northern Irish outfit whose support seems necessary for her to win the vote, […]
The European Central Bank (ECB) has announced as of June 23rd, that it was declaring two Italian banks insolvent. Veneto Banca Spa and Banca Popolare di Vicenza Spa have failed since the two banks repeatedly violated the regulatory capital requirements. The determination was made in accordance with Article 18 (1a) and Article 18 (4a) of […]
Governments routinely pass laws that are expanding their powers to the detriment of personal rights that are buried deeply in legislation only a diehard will read. We have heard about these type of sneaky legislation in the USA, but all governments are the same and Germany just proved it is no more honorable than the […]
Chicago’s police pension fund won’t have enough money to pay benefits to retirees in 2021, according to a projection by Local Government Information Services (LGIS). At the end of 2020, LGIS estimates that the Policemen’s Annuity and Benefit Fund of Chicago will have less than $150 million in assets to pay $928 million promised to 14,133 […]
Most core markets finished a quiet week with limited volatility and little change. The Nikkei closed small down while the JPY set a similar trend, eventually finishing mid 111’s. A lot of the talk and discussions have been around the Hang Seng and the Chinese markets. Having just included 222 of the core Shanghai this […]
It turns out that the Grenfall tower fire may have been caused by Europe’s Global Warming regulations. To fight CO2 climate change, the EU Energy efficiency directive was passed into British law by the Blair Government back in 2010. The directive imposed energy efficiency to be applied to buildings. They were directed to place cladding on the outside of the […]
