After months of controversy over the labor market reform that was designed to end excessive socialism in France, the French Government has bypassed the final vote in Parliament altogether. Given the resistance in his own camp, Hollande and the Prime Minister Manuel Valls in the National Assembly are using a special rule that allows them […]

The European Central Bank (ECB) announced it will decide in the coming months whether monetary policy should be eased any further. Clearly, Draghi is completely losing control for he cannot entertain the remote possibility that negative interest rates will only cause hoarding and capital flight, and not stimulation. People only borrow when they see an […]

Visiting the Jail Cell Where Socrates Died COMMENT: Mr. Armstrong, Just spent the night in the ER with one of my kids. Waited hours for the results of the CT head scan. Thankfully, my daughter is fine. Had lots of time to think though. I have been following your blog for years, although I am […]

The German journal SPIEGEL has reported that at least since 2010, the European Commission has known about the automobile manufacturers cheating on emissions values for diesel vehicles. SPIEGEL obtained internal documents that establish that despite the claims of global warming, officials have known the whole time what was going on. “The papers show that emissions […]

The world economy is clearly causing the fundamentalists to flip-flop endlessly. They offer only opinions, and these are the times that will break the reasoning of men and try their very judgments. We have entered the phase where unless you comprehend capital flow analysis, you stand little chance of surviving the remaining years as we […]

Theresa May became the new Prime Minister of Britain on Wednesday and formally met with the Queen to ask permission to lead her government. May is now embracing BREXIT as such members are dominating her cabinet and on top of that, May made the main Brexit campaigner Boris Johnson her foreign secretary. May is positioning […]

Having seen new highs made in the US markets overnight, Asia responded with its own rally coupled with an “Abeonomics” boost. With renewed support, Japanese Prime Minister Shinzo Abe is expected to follow through with additional measures that many claim are required to help an aligning stock market, even if that means a weakening currency. […]

The big US banks — JPMorgan Chase, Goldman Sachs, Bank of America, Citigroup, and Morgan Stanley — have large operations employing tens of thousands of people in the UK. They have historically set up their regulated businesses in Britain and then used its right to “passport” into the rest of the 28-member bloc. Lawyers are […]

It is a shame, but Nigel Farage is standing down as the leader of the UK Independence Party. Nigel came from the real world and never desired to be a career politician. He has stated that he had done his “bit” following the UK’s referendum vote to leave the EU. “The victory for the ‘Leave’ side […]

QUESTION: Marty It looks like Carney and Osborne are talking the pound down in order to frighten people. Only one of their prophesies have come true – the lower value of sterling. But it is unhelpful that they continue to be negative – even though they’ve proved to have been wrong on all the other things […]