COMMENT: I have been following your blogs for the past two years and have attended the past two WECs. I read with interest your continued comments on CALPERS and its pension mismanagement. I’m an attorney advisor and a client disclosed a few months ago that they had purchased $1m in municipal debt on the recommendation […]

  All of the core Asian markets suffered from US uncertainty today with closes mostly in the region of -0.5% lower on the day. Continued uncertainty surrounding the growing fears of a trade war is spooking markets everywhere. The Nikkei finished a four day rally with a -0.9% decline. There was not much volatility there […]

  QUESTION: Mr. Armstrong; Do you believe that if American companies do repatriate dollars to get the low tax rate in the USA, will this impact foreign banks as capital withdraws? I figured you are the best qualified to answer that question nobody seems to be discussing. Thank you for sharing your expertise. SY ANSWER: […]

QUESTION: Mr. Armstrong; I was talking to a friend who works in one of the banks you probably classify as the club. He knew you right off the bat. He said you have been probably the largest institutional advisor in the world. He said clients question the bank’s research and openly contrast it with yours. […]

CNN Money is reporting the headline “A top JPMorgan Chase executive is warning that stocks could fall as much as 40% in the next few years.” CNN reports that Daniel Pinto, JPMorgan’s co-president, said on Bloomberg Television he believed that market gains should continue for the next year or two. However, he added that investors […]

We have sent out emails to those who attended last year’s WEC to allow you to purchase tickets before they are open to the general public since we sell out this event every year. We are trying to reduce the size. Those who are interested in attending may purchase their tickets in advance. They will […]

  The Latvian Financial Supervisory Authority is concerned announcing a resolution plan for the crisis bank ABLV that is threatening a contagion risk of further closures of financial institutions in the country with a predominantly foreign customer base. There is a serious risk of a contagion unfolding that will also force consolidation and mergers in […]

The man who is killing the Euro as a viable currency is none other than Donald Franciszek Tusk who is a Polish politician who has been the President of the European Council since 2014. He is the living example why politicians MUST be prohibited from making any decisions whatsoever regarding economics and finance. These people have […]

Although at the National Peoples Congress meeting, China announced an estimated annual growth rate of 6.5% – it was the Hang Seng that took centre stage as far as conversations were concerned! It appeared as though the market finally realised it was supposed to be declining and that led financials to push the index down […]

  The largest public pension fund in the United States is the California Public Employees Retirement System (CalPERS) for civil servants. California is in a state of very serious insolvency. We strongly advise our clients to get out before it is too late. I have been warning that CalPERS was on the verge of insolvency. I […]