ASIA: Japan’s economic growth will likely grind to a near halt this quarter as coronavirus curbs and supply disruptions threaten to derail the country’s economic recovery, a Reuters poll of economists showed on Monday. The forecast was much lower than the robust expansion expected in January’s projection in a sign of the heavy damage chip […]

ASIA: A top Chinese official warned on Tuesday that China’s economy faces multiple challenges at home and abroad this year, including “huge” pressure from uncertainty over global trade and from still-lackluster domestic consumption. Foreign trade, which helped drive the world’s second-largest economy last year, will be confronted by uncertain external demand and a high statistical […]

ASIA: Singapore has raised concerns with India about its ban of popular gaming app “Free Fire,” owned by technology group Sea Ltd, in the first sign of diplomatic intervention after the move spooked investors, Reuters reported. After the ban, the market value of the New York-listed Southeast Asian firm dropped by $16 billion in a […]

While Nigel Farage spoke at our 2019 WEC in Rome, he said he came because our events were the “alternative to Davos.” For years Schwab and I have been on opposite sides of the table. The stark difference between myself and that of Klaus Schwab boils down to the divergence in economics between Adam Smith […]

ASIA: China’s factory-gate inflation eased to its slowest pace in six months and consumer price growth also softened in January amid weakening property sector demand, new coronavirus curbs and government efforts to rein in surging materials costs. The producer price index (PPI) increased 9.1% from a year ago, the National Bureau of Statistics (NBS) said […]

QUESTION: Mr. Armstrong; it is easy to see why the government wanted Socrates. You said Monday would be the low then a bounce and that is what unfolds. You forecast so many markets and you get it to the day. Others claim this is the guy who called 2008 so buy his latest forecast resting […]

  ASIA: The Bank of Japan made an offer for unlimited government bond purchases Monday, moving to curb a surge in long-term interest rates in the world’s third-largest economy. Japan’s central bank set the interest rate for purchasing 10-year government bonds at 0.25%. The market rate had risen close to that level recently on speculation […]

Household debt in the US spiked to the highest level since 2007. According to the Federal Reserve Bank of New York, Americans accumulated an additional $1 trillion in debt, with the figure growing by $333 billion in Q4 alone. Mortgage and auto loans are the main sources of debt for Americans. Home loan originations hit […]

The price of living in America is completely unsustainable. Inflation soared in January by 7.5%, marking the fastest pace of price gains since February 1982 when the index reached 7.6%. Secretary Psaki attempted to do damage control the day before the report was released by stating that the White House would not be surprised if […]

QUESTION: Mr. Armstrong, Out of my utmost respect, you do stand-alone where all these analysts are calling for the collapse of debt and equity because of fiat currency. They may claim to have been there for the dot.com and 2008 bubbles, but you have been there for all of them. The blame they lay on […]