QUESTION: Mr. Armstrong, Socrates correctly picked March as the Directional Change, and it looks like there will be a sharp decline into June. Are you expecting a serious recession with the May 7th turning point on your Economic Confidence Model? SH PS It seems like Jamie Diamond uses Socrates since he has just said what […]
Finance ministers from France and Brazil are urging the G20 to implement a minimum 2% tax on billionaires in an effort to fight climate change and poverty. Everyone cheers when the suggestion is to tax someone else, but feigns shock when the rules expand and everyone experiences rising taxation. Global collaborative efforts such as war […]
https://www.armstrongeconomics.com/wp-content/uploads/2019/01/Thatcher-on-Taxes-Duty-of-Government.mp4 Fed Chairman Jerome Powell essentially said he was unimpressed by the “strong” jobs report, and it certainly was not enough for the central bank to even consider dropping rates. I wrote how the BLS report was skewed; Americans are working more than one job and still struggling to keep up with the cost of […]
Sanctions and the removal of Russia from SWIFT have not deterred the Russian economy. A recent report by the International Monetary Fund (IMF) predicts that Russia’s economy will grow more in the next year than any other advanced economy. The IMF believes Russia’s economy will grow by 3.2% in 2024, in comparison, the US is […]
The Consumer Price Index (CPI) released on April 10 by the US Bureau of Labor Statistics reported that inflation rose by 0.4% on a monthly basis and by 3.5% on the yearly. One must only look at their bills, items in the store, or open their eyes to see that the cost of living in […]
The year 2015 was not long ago, and yet the entire world economy has changed. Central banks mismanaged monetary policy through arbitrarily low interest rates and continuous printing to appease the bigger issue—fiscal policy. Fiscal policies are all but nonexistent in most of the modern world, and government spending has become one of the largest […]
It took President Javier Milei of Argentina a mere two months to push his nation into a surplus. The Economy Ministry declared that the government posted a $589 million surplus, the first surplus in recent memory. Western media has been silent about Milei’s victory as his policies are pushing the nation back on the path […]
Biden is destroying the financial future of generations with his reckless spending in an attempt to buy votes. Fed Chair Powell nearly admitted it in his interview with 60 Minutes in which he urged the government to show restraint when plunging the nation deeper into debt. Biden and the Democrats are cheering that he will […]
The US Treasury stopped issuing paper savings bonds in January 2012, switching to online platforms. There is a slight exception where a paper Series I may be purchased with proceeds from a federal income tax refund, but they are extremely rare. What they failed to explain is that US banks are NOT required to cash […]
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