In the Middle East, the banks are trying to convince the Gulf States to begin issuing debt even if there is no need to borrow, simply so they have a market to trade. Governments should never listen to bankers for this always becomes a conflict of interest with respect to national debts. The sooner government wakes up […]

QUESTION: Thank you for your fascinating blog. I thoroughly enjoy reading your analysis on social, political, financial and historical topics. i would like to make a couple points with questions and get your analysis or feedback on these. First point: You describe that post 2015.75 (Big Bang), you expect a peak in bonds (safe haven) […]

Asia saw a mixed session where most markets were lower but talk of intervention in China saw a very healthy bounce in the last few minutes of trading (Nikkei -2.5% Shanghai and HSI both up around 3%). Europe started on a positive note and never looked back. Positive session for all major European Indices saw exchanges close 1%+. […]

QUESTION:  Mr Armstrong, interesting article today, the story of the store of value (at least long term) has always confused me. One can look at saving accounts also as an asset as it yields the interest payment and one relinquishes the access to the money. No difference to bonds. But your article causes some questions: […]

QUESTION: Dear Martin: I hope you are doing well. In the movie of James Bond, named “Quantum of Solace”, (filmed in some areas of the Chilean desert), the Bolivian and corrupt general requested his money in Euros, because “the U.S. dollar is NOT the same than before!”. Many asset managers, private investors, men and women […]

Bush is taking on Trump over his comment to uphold English as America’s primary language. “We’re a nation that speaks English. Whether we like it or not, that’s how people assimilate,” Trump declared at a New York press conference. Trump CORRECTLY articulated the issue that speaking English is assimilation and the strength of the nation. Bush is DEAD […]

Asia produced a mixed session for equity markets today with all majors closing in the red. Not too much gossip as most players were digesting the ADP report, guessing China’s next move (with dealers still bidding on long-end Treasuries), and anticipating Friday Non-Frams. Europe saw a more positive note closing with small gains, but it was the U.S. market […]

The failure of the Dow to close above 17007 confirms that we are not yet ready to take off to the upside. We needed a closing ABOVE 17007 to firm up the market to state definitively that the August low will hold and new highs are ahead. We needed a minimum closing ABOVE 16632 to firm up short-term support. The […]

QUESTION: Mr. Armstrong; Is the velocity of money an indicator of booms and bust? Didn’t the QE program by the Fed increase the money supply? Then why do we not see an increase in velocity or inflation? Confused & Curious TW ANSWER: The reality is, in a broad general sense, the velocity of money is […]

U.S. Supreme Court J. W. GOLDSMITH, JR., GRANT CO. v. U.S. , 254 U.S. 505 (1921) 254 U.S. 505J. W. GOLDSMITH, JR.-GRANT CO.v.UNITED STATES.No. 214.Argued Dec. 8, 1920.Decided Jan. 17, 1921.Messrs. L. C. Hopkins and C. T. Hopkins, both of Atlanta, Ga., for plaintiffs in error. [254 U.S. 505, 506] Assistant Attorney General Adams, for […]