The famous Redwood tree tunnel fell during one of California’s worst storms and caused massive flooding. I walked through this tree when I was a kid. I couldn’t find the family photo of that event, so you are spared this time. This flooding has been massive, but it is a typical precursor to big earthquakes. One theory […]
QUESTION: I wonder if you might clear something up regarding the fabled corporate cash hoard parked overseas? Must this be held in non-USD form thus taking an FX risk,albeit presumably hedged? I gather any USD parked in a foreign bank is immediately transferred to a US bank, likely in NYC — would this be regarded as repatriation? I […]
Angela Merkel and her party remain clueless about the economic history of Germany which has been made apparent through her insistence upon austerity that is tearing the EU apart at the seams. This is like blaming Trump for Hillary’s loss. Merkel’s belief that the quantity of money is the cause of inflation has been proven […]
The demand for safe-haven JPY returned with a vengeance today even though Japan was on a national holiday (Coming of Age Day) but in the futures markets the Nikkei lost almost 1.3%. The Yen traded stronger all day and in late US trading was seen slightly under the 116 level. Both the Shanghai and Hang […]
The Moscow’s Emergency Situations Ministry told residents on Friday that temperatures would drop as low as minus 35 degrees Celsius (-31 Fahrenheit) during the night of Jan. 7-8, warning that abnormal cold may affect the city’s power grid in some areas. Moscow is also experiencing the deep freeze here in January.
QUESTION: Mr. Armstrong; I read your work on the euro from the nineties and how it would fail. Everything you laid out unfolded over the the subsequent 20 years. I assume you have discovered historical attempts to create a euro type system before aside from Napoleon. Can you point to any other references? HF ANSWER: History repeats […]
COMMENT: Marty; It’s below freezing in Athens. This is the coldest I have ever felt here in a long time. The average temperature is normally 10°C (50°F). I do not understand how people keep calling this global warming. REPLY: The data being put out as propaganda has been indexed at a higher base. Without adjustments, the […]
Back in March 12, 2013, James Clapper committed perjury before Congress for which anyone else would go to prison for 5 years. He did not flinch at denying that the NSA was collecting data on Americans. The record showed: “Does the NSA collect any type of data at all on millions or hundreds of millions […]
https://www.armstrongeconomics.com/wp-content/uploads/2016/02/Summers-Economy-Not-Predictable.mp4 QUESTION: Marty; Did you see Larry Summer’s comments on Trump. Is this guy completely insane? He says Trump is proposing things off the planet. Wasn’t it Summers who came up with the negative interest rates and supported repealing Glass Steagal? ANSWER: Larry Summers is a classic example of how a PHD means absolutely nothing compared to real […]
The Podesta emails revealed a real anti-Catholic and anti-Evangelic religious position in the Democratic Party. For the party that was founded by the slave owner Andrew Jackson, one must really wonder what lies at the core of their true position. Religion is becoming a major focus of how the Democrats have alienated both the Catholics […]
