In Switzerland, we have the perfect example of the old saying – a little bit of knowledge is dangerous. We have activists who are clearly living in a world they comprehend no less than the financial system. These people have managed to get a referendum on changing in the financial system with the same promises of […]

COMMENT: Mr. Armstrong; I just wanted to comment that I am from Venezuela. My father came here to visit me in Florida where I live with a Green Card. Everything he saved in life for his retirement is now worthless and it does not even pay to travel back to collect his pension. The hyperinflation […]

At the start of what is expected to be a busy week, Asian markets closed mixed but with concerns over the weekends that President Trump had decided to remove the national security advisor expected to wobble markets. Consequently, the Nikkei took much of the brunt of the action after the Yen saw a fresh flight […]

  Asian markets were pretty mixed after yesterdays US sell-off complemented by the tech turnaround. With little activity in Asia the focus is turning to next weeks FED meeting and the outlook for rates and the US Dollar. The strip currently prices in three rate hikes for 2018 and roughly 1.5/2 for 2019. However, one […]

    Extremely reliable sources from Behind the Curtain in Europe are becoming deeply concerned that Draghi at the ECB has created a monumental economic disaster he is just praying to holding off until he leaves next year. Interest rates are already starting to rise significantly in several important money and interbank markets. Both banks and debtors are […]

COMMENT: I have been following your blogs for the past two years and have attended the past two WECs. I read with interest your continued comments on CALPERS and its pension mismanagement. I’m an attorney advisor and a client disclosed a few months ago that they had purchased $1m in municipal debt on the recommendation […]

QUESTION: Today’s opinion section of the WSJ features an article on government’s intervention in AIG. The troublesome point concerns the possibility of a new precedent w.r.t. property rights in the USA, viz.: “…the government may unlawfully deprive shareholders of their ownership and control of a company as long as it does not formally seize their […]

2007 Feb. 27: Mortgage giant Freddie Mac says it will no longer buy the riskiest subprime loans. April 2: Subprime mortgage lender New Century Financial files for bankruptcy-court protection. June 2007: Two Bear Stearns hedge funds suffer after bad bets on U.S. subprime mortgage-related securities. July 31: Investment bank Bear Stearns liquidates two hedge funds […]

  QUESTION: Mr. Armstrong; Do you believe that if American companies do repatriate dollars to get the low tax rate in the USA, will this impact foreign banks as capital withdraws? I figured you are the best qualified to answer that question nobody seems to be discussing. Thank you for sharing your expertise. SY ANSWER: […]

By next year, the US will become the world’s largest oil producer thanks to the fracking boom. Perhaps the US outdid the current Primus Russia earlier this year, said International Energy Agency (IEA) chief Fatih Birol: “The growth of US shale oil is strong and the pace is very high – the US will soon […]