Yesterday, Saudi Arabia announced that 2015 would produce a budget deficit amounting to $135 billion (367 billion riyals). A royal decree, effective on Tuesday, will increase petrol prices by 50%. This will only bring gasoline to 33 cents (0.90 riyals) … →
Holiday volume and poor order flow was the name of the game today and can probably be expected for the rest of the run into New Year. In Asia, China’s Shanghai lost 2.5% whilst the Nikkei made a small gain … →
China is demonstrating that it is more practical than anyone else in the industrialized world. They have announced that they will “reasonably” set limits on new local government debt in 2016. Finance Minister Lou Jiwei said at a work conference … →
QUESTION: Hi Mr Armstrong, I’m still an avid reader of your blog. A question occurred to me when I read your article on vulture funds. Do you think that it is possible that a general failure of the economy is … →
Landlords are joining together to challenge the Conservative’s (i.e. Tory’s) tax hike by filing a suit in the high court against their tax increase on “buy-to-let” investment properties. One of the reasons I have stated that Maggie Thatcher herself would have … →
QUESTION: Mr. Armstrong, you have said that the Pi cycle shows up everywhere in finance. I have looked at the charts you posted in the Roman Empire. Has this had a major impact in modern times aside from your Economic … →
The UBER case in the Ninth Circuit (California) demonstrates that drivers’ are blinded by greed and cannot see that they are altering the entire basis of UBER. They risk putting the company out of business. Drivers who sued UBER contend they … →
QUESTION: Hello Marty Great conference! If the EM Debt implodes wouldnt the stock markets of those counties rise?? If the stocks from the EM markets did rise would they rise faster than the decline in their currency to the USD?? … →
QUESTION: Dear Mr. Armstrong, Since watching ‘The Forecaster’ I read your blog daily: thank you for all you have done to make sense out of the current phase of the economic cycle we are in. Some call it the fourth … →
The latest studies show that Obamacare is sucking up 10% of people’s income. This is just not sustainable long-term and may not even be sustainable past 2017.
