COMMENT:  You said: “The wealth of a nation is the total productivity of its people. If I have gold and want you to fix my house, I give you the gold for your labor. Thus, your wealth is your labor, and the gold is merely a medium of exchange. So it does not matter whatever […]

Another very poor performance from Asian equity markets rolled over into Europe and the U.S. All Asian markets lost between 1% – 3.5%. In Europe, FTSE was the best of a poor bunch, only losing 0.6%, whilst the DAX and CAC were both down over 2%. The U.S. fared no better with the DOW and […]

With the exception of the Shanghai market today — IF we can excuse a 6.5% decline — most markets were well behaved, generally speaking. European stocks were off but only modestly and the Dow is slightly down after exceeding yesterday’s high. The U.S. dollar continued its stronger tone to Emerging Market (EM) currencies. Again, Russia […]

I received a lot of emails after announcing that I would be in India this coming week. Here I am, updating from Mumbai, which was Bombay up until 1995. Mumbai is the 9th largest city in the world and home of the most expensive house in the world, located right here in the heart town. Mumbai […]

Today we are seeing some large price/percentage moves in many markets, which is something we should all start to accept as the new norm for the second half of this year moving forward. Rumours started Sunday of Tspiras’s new proposal and the markets took it all at face value! DAX at best was up 3.5%; ASX closed […]

Turkish elections have resulted in uncertainty, as the share market fell about 8%. President Tayyip Erdogan was hoping for greater power but the people had different ideas. On Sunday, the people dealt a serious blow when the AK Party failed to win an outright majority in a parliamentary election. There will now be a minority government […]

QUESTION: Mr Armstrong; Reading through you blog it seems the chronology of money begins with derivatives, credit/debt, and barter with coinage coming in much later in the historical record. You have traced the workings of the business cycle back further than anyone else. Am I correct in what I have pieced together reading your blog […]

I have been warning that the governments of the West are in severe trouble. We face the worst economic crisis, perhaps in modern history, with the distinct risk of moving into a state of Economic Totalitarianism. The governments are well aware of the Economic Confidence Model (ECM). Many people have questioned, “Why have they not killed you?” […]

One of the strangest aspects of politics is the so-called socialists who argue they are for the people, but tend to be the most dangerous in society. In ancient Athens, Sparta was able to finally conquer Athens because she became extremely arrogant and made unreasonable demands upon her allies. One by one, her allies turned […]

The April 7th, 2015 power outage in Washington DC is curious to say the least. Virtually instantaneously, the government declare it was not a terrorist attack. After all, how could that possibly be when the NSA guards the country. If there was an attack on the power-grid, then the NSA would have to answer for […]