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Month: August 2024

New York Commercial Real Estate Plunges 97.5% at Great Depression Levels

COMMENT #1: Mr. Armstrong, I had to write to say thank you so much for everything you do. When Trump was indicted, you said sell and get out of New York. Your...

Market Talk – August 2, 2024

ASIA:   The major Asian stock markets had a negative day today: NIKKEI 225 decreased 2,216.63 points or -5.81% to 35,909.70 Shanghai decreased 27.05 points or...

US Unemployment rises with ECM

COMMENT: Marty, I just had to write to congratulate you on Socrates’s truly amazing ability to forecast so many markets and economic statistics without...

Why Chuck Schumer Should be Removed from the Senate for his Usurpation of Power

  With each passing day, our Nation is declining into a state of where civilization is no longer sustainable. Senate Majority Leader Chuck Schumer has...

Car Repos Rise 23% YoY

The private debt crisis is becoming apparent in America after car repossessions jumped 23% during the first half of 2024. Data shows that 1.6 million Americans will...

War & Freedom of Speech – Then the Default

I had the privilege of knowing Normal Rockwell back in the 1970s. His most famous war poster, created to raise money for World War II, asserted that if we lost, we...

Market Talk – August 1, 2024

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 975.49 points or -2.49% to 38,126.33 Shanghai decreased 6.36 points or -0.22%...

Digital Ruble 2025

Russia has announced that it will implement a digital ruble by next July. Moscow will begin using cryptocurrency for some foreign transactions to bypass sanctions...

$2.4 Billion Daily – Servicing the US National Debt

Serving debt is the largest cost of Washington’s debt crisis; America currently spends $2.4 billion in daily interest fees alone. The debt and spending simply...