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PRIVATE BLOG – Fed Raises Rates on Schedule

By admin / June 15, 2022

PRIVATE BLOG – Fed Raises Rates on Schedule Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. https://ask-socrates.com/ The post PRIVATE BLOG – Fed Raises Rates on Schedule first appeared on Armstrong Economics.

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Russian Oil Boycott Fails

By admin / June 15, 2022

The West thought they’d cripple Russia’s economy when they stopped buying Russian oil. Gas prices in the West are on the rise and at unsustainable levels. Meanwhile, Putin is having the last laugh as he is now selling more oil at a higher price point. In April, Russian oil exports rose by 620,000 b/d to […]

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Democrats May Not Endorse Biden in 2024

By admin / June 15, 2022

The Democrats may not back Biden for reelection in 2024. They do not particularly care that he is destroying the country, but his record-low approval rating is bad for the party at large. Over the weekend, Rep. Alexandria Ocasio-Cortez (AOC) all but admitted that the Democrats are not eager to support Biden running for a […]

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AI & the Future

By admin / June 15, 2022

Klaus Schwab’s view of the future and Artificial Intelligence is seriously flawed. He argues that the fusing of the political, physical, digital, and biological worlds will have a transformative impact on every facet of human existence. He insists that this will range from the way we live our lives, the manner in which we will […]

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Market Talk – June 14, 2022

By admin / June 14, 2022

ASIA: The Japanese economy contracted in the first quarter, but at a slower pace than earlier estimated, the government data released  last Wednesday showed. The world’s third-largest economy contracted at an annual rate of 0.5 per cent, according to Cabinet Office data. That was smaller than the 1.0 per cent contraction in the preliminary estimate for […]

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Another Strike Against Cryptos

By admin / June 14, 2022

I’ve said it before and will say it again – cryptocurrencies are not a safe investment. I know it is not a popular opinion; people have had success with trading. The problems with cryptocurrencies: (1) they depend entirely upon the government; with the stroke of a pen, they can all be seized; (2) they depend […]

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Trudeau Contracts COVID Again – Thanks Vaccines

By admin / June 14, 2022

Justin Trudeau contracted COVID for the second time this year. He is using his new diagnosis as a marketing campaign for Canadians to become human pushpin cushions. So he allegedly took numerous shots and boosters and still contracted the rarely deadly virus. According to the Oxford dictionary, delusion is “characterized by or holding idiosyncratic beliefs […]

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Credit Card Debt on the Rise

By admin / June 14, 2022

The various handouts and moratoriums during the pandemic drove the personal savings rate down to World War II levels. Everything was closed – there weren’t many opportunities to spend. US consumers paid off a record $83 billion in credit card debt during the pandemic, but that has all come crashing down. The Federal Reserve reported […]

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The Dollar Crisis is Far Greater than Anyone Imagines

By admin / June 14, 2022

QUESTION: Marty, Socrates is worth its weight in something far more valuable than gold. I want to congratulate you for you are the ONLY adviser who nailed not just the cryptocurrency bloodbath, but that the dollar would rise when everyone else kept predicting it would crumble to dust. Then you warned that emerging markets would […]

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Market Talk – June 13, 2022

By admin / June 13, 2022

ASIA: Five global banks signed up as cornerstone members of the Alliance for Green Commercial Banks, a global green banking initiative established by the Hong Kong Monetary Authority (HKMA) and the World Bank’s International Finance Corporation (IFC). The five cornerstone banks are Bank of China (Hong Kong), Citigroup, Crédit Agricole CIB, HSBC, and Standard Chartered. […]

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