In 2020, Pierre Poilievre, chief Conservative spokesman on finance issues, said Canada’s central bank “should not be an ATM for Trudeau’s insatiable spending appetites.” Conservatives cooperated with the Liberals when it came to COVID-19 emergency spending. Everyone was in on that power grab. Now the nation is in worse shape, further in debt, and inflation […]

The Dallas Federal Reserve found that the decline in real wages is at a severity not seen in 25 years. Simply put, when adjusted for inflation, American’s paychecks are down despite wages going up. The median decline in real wages surpassed 8.5% this September. "How severe are the losses for workers experiencing negative real wage […]

ASIA:   China’s GDP forecast is to be anywhere between 2.2 percent and 4.1 percent based on a survey conducted by Nikkei last month. Economists and other observers, globally, have also revised the GDP outlook for 2022 to 3.2 percent against Beijing’s official target of 5.5 percent. Compared to the second quarter when the economy […]

ASIA:   The Agricultural Bank of China will provide more than 300 billion yuan ($43.3 billion) in loans to support the country’s autumn harvest and planting, China Central Television (CCTV) reported on Monday. According to a CCTV report, the loan will focus on areas including grain production, storage of agricultural products, cold chain logistics and […]

  QUESTION: Mr. Armstrong; Nobody knows history better than you. Will QE continue if we end up in war? It seems there would be no choice. Thank you for your very enlightening blog. PG ANSWER: Yes. The Fed was “directed” by the White House to carry out QE during World War II. They were to […]

A new report by the Heritage Foundation claims that the average American had lost over $4,200 in annual income since Biden was sworn in due to rate hikes and inflation. They clearly are not factoring in retirement accounts or other investments, as most have lost substantially more. Consumer prices are up 12.7% since January 2021, […]

ASIA: The Reserve Bank of India is set to raise interest rates again next week with a slim majority of economists in a Reuters poll expecting a half-point hike and some others expecting a smaller 35 basis point rise. The RBI has lagged many of its global peers, despite inflation sticking above the top end […]

The Bank of England (BoE) all but admitted the UK is officially in a recession. Bank Governor Andrew Bailey stated weeks ago that there was nothing the central bank could do to prevent a recession at this stage. The Monetary Policy Committee (MPC) voted to raise rates by half a percentage point to 2.25%, marking […]

ASIA:   India expects to see a total investment of at least $25 billion as a result of its incentive program designed to encourage local manufacturing of chip and display panels, junior IT minister Rajeev Chandrasekhar told reporters on Wednesday. Prime Minister Narendra Modi’s government is seeking to attract more major investment in incentives as […]

ASIA:   China left its benchmark interest rates unchanged at a one-month peg on Tuesday, as expected, as authorities appeared to delay immediate monetary easing after the local currency fell sharply and central banks tightened policy elsewhere. The one-year prime rate (LPR) was left at 3.65%, while the five-year LPR remained unchanged at 4.30%. The […]