COMMENT: I attended the Rescue the Republic gathering and was very disappointed. Peterson merely identified the NeoMarxist agenda, but nobody seemed to have any honest solution. It is clear they do not understand history, human society, and the outcome. Your comments about the Civil War being economic to the South and religious to the North […]
COMMENT: Marty, it is amazing that the world is not focusing on your model. Consumer confidence in the US took a nose dive, which was the largest decline in more than three years. The ECM turns, and central backs began to cut rates within weeks, and you explained that recessions are born when people lose […]
QUESTION: Do you agree that Trump supported the digital ID to control the border? OB ANSWER: I do not know your source, but it sounds like someone who just attributes whatever idea takes place during a presidential term to whoever is president. Perhaps that is one way to do research, but it tends to reflect […]
The latest Supplemental Poverty Measure (SPM) found that at 12.9% of American households currently rely on government assistance, up from 12.4% one year prior. The figure was at 11.8% in 2019 and has risen every year under Biden-Harris. The data only factors in US households and not the tens of millions of illegal aliens who […]
https://www.armstrongeconomics.com/wp-content/uploads/2016/02/Summers-Economy-Not-Predictable.mp4 COMMENT: Mr. Armstrong, I find it incorrigible that everyone now claims recession when they have never predicted a recession before. That was clear from the video you had of Larry Summers, who admitted nobody could do that. It is very strange how you are the only person who has ever forecast recessions and […]
The Bureau of Labor and Statistics released its report for July, indicating a slight uptick in employment. It is difficult to trust BLS data after their latest data revision that showed the Biden-Harris Administration have failed to create new jobs outside of the public sector. It was their steepest revision to data since 2009, yet […]
The Bank of Canada voted to cut rates by 25 bps to 4.25%, marking the third consecutive rate cut. Inflation has allegedly slowed to 2.5% as of July, and Governor Tiff Macklem said that was reason enough to drop rates to attract investment. “If inflation continues to ease broadly in line with our July forecast, […]
Before the evolution of the Industrial Revolution, Social Mobility truly did not exist. More often, one tended to follow in the footsteps of their family. Farmers remained on the farm just as those in the various skilled trades remained in those guilds. This tended to be true even from ancient times before Rome became the […]
The Bureau of Labor and Statistics has always been crafty with releasing data. The BLS consistently revises data from its monthly survey as it prefers to release stronger initial reports. Their most recent revision is the steepest alteration since 2009. In fact, the agency has admitted that there were 818,000 fewer jobs in March than […]
Vice President Kamala Harris unveiled her first economic agenda – price controls. Reminiscent of the Soviet Union, Harris believes that the government should invade the private sector and determine the price of goods. Kamala believes that corporate price gauging is to blame, particularly at the grocery store. Where have we seen this before and what […]
