QUESTION: Mr, Armstrong. I visited New York on business and after the market closed yesterday we went to a bar. I was shocked when the group at the next table of Wall Streeters were talking about you. The consensus was you were probably the greatest analyst that ever existed and how Bloomberg News will never […]

We wrote on June 20th: “The Daily Bearish Reversals are 14670 and 14392 with the Weekly Bearish at 14390 and 14360/ The key support starts with the Monthly Bearish at 13139 and 12940, with the critical support at the Monthly Bearish at 12220.” We elected the minor Daily Bearish on the 24th but that was […]

QUESTION: If Europe is going down the drain before the US (the lack in confidence in EU governments), isn’t it expectable that the gold price will rise in Europe first? If that isn’t so, will the dollar always be the first refuge and gold the last one, rising only after the US collapses? Thank you […]

The A$ has been dropping of late as the US dollar is rallying on a global scale. This is impacting also commodity prices and the bottom line is simply that the US$ remains as the biggest short out there and a rally will be devastating on a global scale. It is also the only hope […]

QUESTION: No one ever talks about the depression from 1920-1921, but as I recall in researching it the government and the Fed never intervened and just let things play out.    In the end this depression hurt for awhile, but was over very quickly and from that point on we had the roaring 20’s. You […]

COMMENT:  Hello Martin This will be interesting - stock market UP / economy Down / bonds down / real estate Up / dollar Up Up / taxes Up / gold Down / civil unrest Up / weather cycle - unstable Wow only a computer could generate this outcome... ANSWER: Absolutely. The most interesting aspect of […]

QUESTION: Hello Mr. Armstrong, In a recent post you write, “HYPERINFLATION takes place not because of any threshold in the quantity of money that has been crossed. It is a matter of confidence.”  Is there any historical precedence for a people losing confidence in a currency, where it is being restricted, i.e., not printed in […]

Defining the Business Cycle By Martin Armstrong There are those that adamantly deny the existence of a Business Cycle for one simple reason; if a regular Business Cycle exists, then man and his government, driven by special interests, are incapable of manipulating its outcome. The entire foundation of Marxism was the recognition of the Business […]

QUESTION:  “If you were appointed to be the next FED Chairman (after Bernanke), what would you do to solve today’s problem?” M.J. ANSWER: SCREAM! Look for the longest rope, tie it around my neck and jump. The Fed is really powerless despite popular belief. The whole problem breaks down into two parts: 1) We have […]