Words of Wisdom

Yellen Denies Food Inflation

Treasury Secretary Janet Yellen once again is once again gas lighting the public to believe that the Biden Administration has inflation under control. When questioned about the rising prices at grocery stores, Yellen denied that prices have soared astronomically. “I think largely it reflects cost increases, including labor cost increases that grocery firms have experienced, […]

Were Politics Always This Divided?

https://www.armstrongeconomics.com/wp-content/uploads/2024/07/ObamaRomneyvBidenTrump.mp4   Politics were never divided to the level we see today. I have people write in to say that politics has always been a divisive and dirty game. While that is true, there is no denying that America has never been less united. Socrates is not forecasting a typical partisan debacle come election season, […]

What if They are Wrong?

Your future will be utterly destroyed because of these Neocons who are consumed with personal hatred of Russians. They are pushing American policymakers, arguing that Putin is bluffing and we can, therefore, destroy Russia, and he will never fire a shot. They insist that Putin won’t put his money where his mouth is regarding escalation. […]

Market Talk – July 1, 2024

ASIA:   The major Asian stock markets had mixed day today: NIKKEI 225 increased 47.98 points or 0.12% to 39,631.06 Shanghai increased 27.33 points or 0.92% to 2,994.73 Hang Seng closed ASX 200 decreased 16.80 points or -0.22% to 7,750.70 Kospi increased 6.49 points or 0.23% to 2,804.31 SENSEX increased 443.46 points or 0.56% to […]

Supreme Court Rules on Trump’s Immunity

Trump Immunity Decision The Supreme Court’s decision on Trump’s immunity is out today. The Supreme Court ruled 6–3 that presidents enjoy immunity from criminal prosecution for official, but not unofficial, acts. They also noted that even comments that he thought the election was rigged as so many other people, “So most of a President’s public […]

Brussels has More Power Than Rome – Italy Balks at Climate Change Agenda

Italy’s new PM, Giorgia Meloni, is learning that she cannot pick and choose what policies Italy would like to adopt from the ruling authority in the European Union. I was willing to give Meloni the benefit of the doubt after she rose to power from virtually nowhere as a perceived anti-establishment, right-winged nationalist candidate who […]

Half of EV Owners Experience Buyers’ Remose

Consumers have been reluctant to make the switch to Electric Vehicles, and nearly half who have experienced buyer’s remorse. A new study by McKinsey & Co.’s Mobility Consumer Pulse polled 37,000 EV owners globally, 46% of whom said they are “very likely” to switch back to the combustion engine when purchasing their next vehicle. One […]

Supreme Court Overturns Chevron Doctrine – Reining in the Deep State

The Supreme Court has overturned the Chevron deference in a 6-3 vote in a major push toward eliminating government overreach. The 1984 Chevron U.S.A. v. Natural Resources Defense Council has permitted government agencies to implement the rule of law, bypassing the federal judicial system. Individuals and Corporations have been at the mercy of agencies like […]

Political Forecasts – Macron in Trouble

Our computer’s political forecasts do not rely on polls. What is most interesting is that when you correlate the economy with politics, you get to see the major swings coming like never before. As I have said, our model has been showing that the 2024 election in the USA should be won by Trump. The […]