ASIA:   Local governments in China are facing a debt crisis, with direct debt exceeding 120% of revenue, which is more than what Beijing has unofficially said is an acceptable debt level. The country’s explicit local government debt nearly doubled over five years to the equivalent of $5.14 trillion last year, and there are rapidly […]

QUESTION: Mr. Armstrong; Who is being irrational? The markets or the analysts? KE ANSWER: That’s simple. It is the analysts. The markets are ALWAYS correct. When you have bank failures unfolding, people will withdraw money out of caution. It is the very same reason there are ancient hoards of coins. You find coins in times […]

QUESTION: Hello Martin, I have been reading you since your handwritten and from memory letters were getting out from your incarceration. You are truly an amazing man sir. I realize that both the Kondratieff and the Brenner cycles are mostly just coincidental to market cycles today but my question is are both the Kondratieff and […]

COMMENT: Marty, I began following you in 1985. That is when everyone was using the Kondratieff Wave and admitted it averaged 45 to 60 years. They were all predicting another Great Depression. You were the only one right back then as well. I remember your advertisement in the Economist saying a new Private Wave was […]

  ASIA:   Japan’s economy narrowly averted a recession in the final months of 2022, barely growing on frail consumption after shrinking in the third quarter, revised data showed, underscoring the challenge for policymakers trying to shore up a wobbly recovery. Record high inflation and slowing global growth amid sweeping monetary tightening across many countries […]

Former Russian President Dmitry Medvedev has warned the West and rightly so that the decision of the International Criminal Court (ICC) to issue an arrest warrant against his successor, Vladimir Putin, will have dire consequences for international law. But it would also justify immediate World War III. The ICC has been usurped by the Neocons […]

Republicans are working to prevent the central bank from establishing a digital currency (central bank digital currency or CBDC). Ted Cruz (R-Texas), backed by  Mike Braun (R-Ind.) and Chuck Grassley (R-Iowa), proposed S. 887: “A bill to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly […]

In 2010, Barron’s wrote a piece on me effectively laughing at my forecast that the share market would rally to new highs. What seems to inevitably unfold is this notion that whatever the event might be in motion, the mere thought of a reversal in trend appears impossible. When the press disagrees with Socrates, I […]

ASIA:   China’s central bank kept interest rates unchanged while increasing liquidity injections for a fourth consecutive month, with the aim of supplying the market with enough long-term funds. The move also indicates policymakers’ comfort with the country’s modest economic growth target for this year, set at around 5%, which is at the lower end […]

  I get hate mail from Ukrainian Nazis routinely now. They of course deny there are any Nazis ever. Yesterday it was “You are definitely on the wrong side of history” and of course calling all Russians “scum” while Ukraine walks on water and is so honorable it makes me sick. Here we have Zelensky […]