I repeatedly warned that the headlines would blame Trump tariffs for the incoming inflationary wave. Jerome Powell stated that “uncertainty is unusually elevated” as a result of tariffs, adding, “someone has to pay for the tariffs.” “Ultimately, the cost of the tariff has to be paid, and some of it will fall on the end […]

The consumer price index rose by 0.1% in May, bringing the annual rate of inflation to 2.4%. Excluding food and energy, the core CPI came in respectively at 0.1% and 2.8%. Energy prices fell 2% last month, with gasoline experiencing a 2.6% decline that marked nearly a 12% year-over-year decrease. Fuel oil is down 9.6% […]

QUESTION: Mr. Armstrong, this feud between Trump and Musk has caused me to wonder about Musk. Then, all of these forecasts are using tools you warned do not work because they rely solely on linear analysis. The Tax Foundation said Trump’s bill would result in a $2.6 trillion increase in the deficit. The University of […]

No matter what country we are looking at, we are witnessing the same timing on a global level. When I was compiling interest rates from around the globe and studying the global monetary system, I stumbled upon something very curious. There would be economic events and civil unrest around the world long before there were […]

May’s private payrolls based on ADP estimates are the lowest since March 2023. Private payrolls rose only 37,000 last month, far beneath April’s addition of 60,000 and a far cry from the Dow Jones forecast of 110,000. The financial sector rose by 20,000, leisure and hospitality saw an increase of 38,000, and construction added 6,000. […]

The numbers are in, and the Consumer Price Index fell to 2.3% this April annually, down from March’s 2.4% reading, according to the Bureau of Labor Statistics. April’s reading is the lowest since February 2021. Shelter costs drove more than half of all items monthly, increasing by 0.3% on a monthly basis, and 4% annually. […]

QUESTION: Mr. Armstrong, a friend of mine attends your conferences and said you’re the only person who understands the economy because you have international experience and have met with many central banks around the world. He said inflation is no longer the simplistic expansion of the money supply, and anyone who said that is still […]

QUESTION: A recent analysis by Allianz economists claimed that, ordinarily, when yields on Treasuries rise, the U.S. dollar strengthens as foreign capital pursues those higher yields. However, the dollar weakened as yields rose. They said that in this instance, it “suggests major holders were not only selling Treasuries but also converting the proceeds into currencies – […]

Donald Trump has come out to say that he had no plans to fire Federal Reserve Chairman Jerome Powell. “No, I have no intention of firing him,” Trump told reporters. “I would like to see him be a little more active in terms of his idea to lower interest rates,” the president added. “This is […]

Hungary’s Viktor Orban is fighting declining birth rates with a “population first” agenda that will make parenthood more affordable. “We are building the world’s first family-centered economy,” Orban proclaimed. One of the first steps will be eliminating taxes for mothers. Mothers with one child will be exempt from paying income tax until they turn 30, […]