COMMENT:  Hey Marty, After spending several weeks in China I am now in Hanoi. I was not able to use any American e-mail service in China. Also, any western websites I could access were super-slow… an obvious deterent strategy… except for one website… armstrongeconomics.com, which worked super-fast no matter where I was in China. There is […]

Many have heard the saying: “I wouldn’t go there or do something for all the tea in China.”  While some assumed this referred to some huge quantity, it actually stems back in time to a value similar to gold or metal used for money. Where metal had some utility value, such as bronze, which could […]

The Dow may have established a temporary high in May on our turning point. We have seen three Daily Bearish Reversals elected from the May 19 high and now support lies at 17745 on our daily models. We need a closing back above 18195 to stabilize the market right now. However, on the weekly level, […]

COMMENT: Marty, I just got back from Madrid. I looked around for a place that sold gold. I could not find one. This is indeed very curious. Cheers LW REPLY: There is a growing trend to regulate gold coin sales to the public. In France, you cannot pay in cash; everything must be reported. The […]

Germany and France have called for the establishment of a central EU authority for the eurozone to raise taxes independently. This plan is part of a package of proposals for far-reaching integration of the single currency zone: the federalization of Europe. Currently, only national governments may levy taxes. This is part of the step to save […]

Gold broke to new recent lows in euros, with critical support forming at the 1010 level as deflation continues to crush the economy. The largest ETF fund used to be gold, but now with over $900 million in liquidations in May, the fund fell out of the top 10. So far, so good. It appears we are […]

Chicago may become the next Detroit. We can see this Big Bang unfolding everywhere around us at a very rapid pace. Moody’s Investor Services just cut Chicago’s bond rating from Baa2 to Ba1, while Standard & Poor’s lowered the city’s rating from A+ to A-. Fitch Ratings also cut Chicago’s ratings from A- to BBB+. […]

COMMENT: Hello Mr. Armstrong, The contrast between your thinking and that of most governments and central banks with regard to the economy (the economic behaviour of real people with hearts and minds and hopes and fears) can be compared to two ways of considering animals. Animal trainers use positive and negative reinforcements to get the […]

QUESTION: Dear Mr Armstrong, I hope your well. Please could you elaborate on your post: “Consolidating all the debt in the EU” Of course you were correct and if these brain dead idiots had listened to you they would not be in this mess but surely the EU exploding with a sovereign debt crisis is […]

  John Noyce, 36, Goldman’s top foreign exchange analyst is dead. No details were given at the time of his death, but recent reports claim he succumbed to cancer. Speculation is running wild given the recent fines for manipulating foreign exchange by banks. Any connection is still speculation. The rumor under the breath in circles concerns […]