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World Events

The Death of Socialism

Socialism is dying because governments have made promises they cannot keep. Now when people expect that they will be there, they suddenly find the promises have...

Chicago Still Getting Snow

Chicago still just got 2.5 inches of snow cancelling numerous flights. Snowing this late in the season is concerning on our models. As I have warned, the winters...

Tax Scheming

QUESTION: Martin, Washington State DOT is planning to bond against toll revenue generated by express toll lanes on or highways here in Western Washington. These...

The Great Unknown – The Bond Contagion

We are facing a very interesting financial crisis that has never before been witnessed because this is how the Socialist Utopian Society will crash and burn. We are...

Banning Films & Corruption

COMMENT: Dear Mr. Armstrong, Like many of your readers, I have been unable to watch “The Magnitsky Act: Behind the Scenes” for months because of its ban...

Bank of Japan & the Bond Crisis

BoJ Statement 4-24-2019 The Great Financial Unknown is now upon us. After 10 years of Quantitative Easing, the European Central Bank (ECB) in Europe owns 40% of the...

NYC Bans Hot Dogs Adopting New Green Deal

OK. New York City can’t pay its bills and politicians think chasing Amazon out of town because they wanted a $3 billion tax break actually saved $3 billion...

Still Snowing in the Heart of America – The Longer Winter & Shorter Summer Cycle

COMMENT: Well you said this winter would be long and the summer shorter. It is still snowing here in the heart of America. It looks like your computer is correct...

Nagai of Nomura Confirms Japan Destroyed the Bond Market

In Japan, Nomura’s chief Koji Nagai took over as Nomura’s chief executive back in 2012 and followed that appointment with a $1bn cost-reduction plan that...

The Dawn of the Great Financial Unknown

QUESTION: Mr. Armstrong; I assume you read that Mr. Nagai  has confirmed what you have been saying that the central banks have destroyed the bond markets. I must...