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The Real Game of Thrones

The real Game of Thrones is already underway. The contest to succeed Mario Draghi is now officially open. The head of the European Central Bank (ECB) will leave...

California Dreaming – How to Leave & Fast

Once upon a time, they use to write songs about California Dreaming. It is now turned 180 degrees to the main dreaming in California is how to get out of the same....

The Brewing European Debt Crisis

Macron is pushing for the European Finance Minister to raise money by selling EU bonds and then distribute the money to the 19-member Eurozone. France is very...

Market Talk- December 13, 2018

A solid day for the Asian region with gains of 1.25% for core Shanghai and the Hang Seng and was closely mirrored by the Nikkei (+1%). Continued optimism...

German Yields Decline for Lack of Confidence or Expectation of Lower Rates at the Fed?

QUESTION: Mr. Armstrong; Do you agree with Bloomberg that the yield on German bunds has declined in anticipation of the Fed lowering rates? JV ANSWER: No  The...

Deutsche bank to Merge with Commerzbank Bank

Deutsche Bank is in crisis and everyone has known that. Its derivative book is hard to quantify what is the real net bottom line. The only bank it could have been...

The Fate of All Municipal Governments – Look to Peoria, Illinois

The governmental system we have is totally corrupt and it outright UNSUSTAINABLE!!!! In Illinois, the city of Peoria has been forced to eliminate 22 firefighter...

Market Talk- December 12, 2018

The, eventually, positive tone from the US markets were helpful for the Asian opening. However, talk that China and the USA are progressing on the trade talks was...

Custodial Risk

QUESTION: I have been a reader for 10+ year, Socrates subs and reg for Orlando WEC. Thank you and as a Veteran, I admire your courage and service. Ques: Under...

The First BREXIT – 260AD

QUESTION: Mr. Armstrong, thank you for your excellent commentary. Could you comment on the monetary system in Britain during the period following Rome’s...