COMMENT: Marty, Socrates has simply outdone itself. You warned that Putin could face a coup by May/June 2023. That was a year ago. Nobody can beat Socrates, as you said at the WEC, not even you. Your gift to humanity is why they hate you so much. Take care, my friend. We really do need […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 310.26 points or -0.92% to 33,264.88 Shanghai closed Hang Seng closed ASX 200 decreased 119.40 points or -1.63% to 7,195.50 Kospi increased 11.07 points or 0.43% to 2,593.70 SENSEX decreased 284.26 points or -0.45% to 63,238.89 Nifty50 decreased 85.60 points […]

ASIA:   The People’s Bank of China has taken steps to stimulate economic growth by cutting two key lending rates for the first time in 10 months. The one-year loan prime rate was reduced by 10 basis points from 3.65% to 3.55%, and the five-year loan prime rate was lowered from 4.3% to 4.2%. These […]

Many people have written in and asked how can Trump be charged under the Espionage Act. There is probably no other Act that has been so abused than this statute. It has been responsible for witch hunts and the deliberate execution of people the prosecutors knew were innocent. This Act has silenced people, been used […]

  ASIA:   China’s inflation remained close to zero in May, sparking concerns on a falling spiral in prices and prompting the central bank to come out to downplay worries on the economic outlook. The consumer price index rose 0.2% from a year earlier, the National Bureau of Statistics said last Friday, in line with […]

QUESTION: Dear Sir, With regard to your recent blog post – [ https://www.armstrongeconomics.com/international-news/politics/word-of-warning-they-cant-put-trump-in-prison-but-they-can-you-for-protesting/ ]… … you included the ECM chart depicting the decline and fall of the United States. You have an encyclopedic understanding of the cyclical rise and fall of empires. Seeing as how the USA presently constitutes a veritable empire in most respects, […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 272.47 points or -0.85% to 31,641.27 Shanghai increased 15.83 points or 0.49% to 3,213.59 Hang Seng increased 47.18 points or 0.25% to 19,299.18 ASX 200 decreased 18.30 points or -0.26% to 7,099.70 Kospi decreased 4.75 points or -0.18% to 2,610.85 […]

ASIA:   According to the World Bank, India’s economic growth is expected to slow down further to 6.3% in the financial year FY 2023/24. This is a downward revision of 0.3 percentage points from the previous estimate of 6.6%. The main reason for the slowdown is attributed to constrained private consumption caused by high inflation. […]

Credit card debt in the US spiked to its highest quarterly level in Q4 2022 after increasing by $85.8 billion. The average American household has about $10,000 in credit card debt, marking an 8.9% YoY increase. Now, Americans are facing $1 trillion in credit card debt due to rising APR and inflation. The Federal Reserve […]

ASIA:   China’s factory activity contracted at a faster rate than expected in May, signaling weakening demand and adding pressure on policymakers to support the country’s uneven economic recovery. The official manufacturing purchasing managers’ index (PMI) fell to a five-month low of 48.8, below the 50-point threshold that indicates expansion, and lower than the forecasted […]