ASIA: Prime Minister Narendra Modi sought forgiveness from the nation’s poor for his 21-day nationwide lockdown. During his address on national radio on Sunday, PM Modi said there was no other option to control this pandemic. The nation-wide lockdown has resulted in the mass exodus of hundreds of thousands of migrant laborers working in the […]

The people who love to weave conspiracy theories about the Fed are twisting the fact that the Fed’s design from the outset was to be a private organization. The banks were the shareholders BECAUSE it was to be a bailout system for them as J.P. Morgan had acted during the Panic of 1907. The banks […]

COMMENT: Hey, Martin. Thanks for your models and the key insights. My wife, who is an ER nurse, came across this article recently. She read about 90% out loud to me as she believes, based upon her medical knowledge and overall disgust with the hysteria around COVID-19, that this post gives some great perspective on […]

There are reports of riots beginning in China. In Thailand, one of the most peaceful communities, there was an armed robbery of a 7/11. You cannot shut down the world economy like this. People will begin to riot after 10 days and we will see a sharp rise in property crimes. People are being deprived […]

ASIA:  The Reserve Bank of India’s Monetary Policy Committee met today and announced a series of measures to counter the economic slowdown caused by the novel coronavirus pandemic. The repo rate and reverse repo rate have been cut by 74 bps and 90 bps respectively. All commercial banks and lending institutions can allow a three-month […]

COMMENT #1: Mr. Armstrong; I want to say thank you so much. I am not sure you are even aware of how right you have been during this entire debacle and I am not referring to just your forecast of the decline in the stock market which saved my future. While everyone was regurgitating the […]

John Hopkins has aided in creating this panic with their graphics which gives the impression that all of Europe and China are infected. They have visually greatly exaggerated the spread of this virus and appear to be enjoying the havoc they have caused, as if this were some video game. The total population of China […]

Neil Ferguson appears before Parliament to explain why they were wrong. “We based our recommendation on early data from China saying 20% of those infected would end up in critical care” The Oxford Study showed than one in a thousand would require hospitalization. They actually used the data rather than guessing.

ASIA: India announced an economic stimulus package worth $22.5 billion on Thursday to help millions of low-income households cope with a 21-day lockdown due to the coronavirus outbreak. The package will be disbursed through food security measures for poor households and through direct cash transfers to the beneficiaries’ bank accounts directly. India banned exports of […]

Some people have wondered who is behind the John Hopkins University map. Is there a political connection or is this just academic incompetence? I believe it clearly warrants investigation. The people behind this graphic should be hauled into the Senate under subpoena. What they have done with a misleading graphic is virtually overthrowing all human […]