This is socialism collapsing. Hundreds of thousands of people have joined together to protest anti-austerity. So many people attended that the police refuse to number the crowd fearing it was just too many. We are at a crossroads. We have people who live in their little bubbles like Rogoff and Buiter who tell government they need […]

COMMENT: Well it looks like Putin is doing more than reviewing your film to approve its release in Russia. He is reading your  blog. His speech today is offering tax free status for corporations exactly for your 4 year period into 2020. He only talks about the Silk Road joining with China. BW REPLY: Yes, […]

There is the old saying “Beware of Greeks bearing gifts” refers to the story of the Trojan Horse. Yet in Eastern Europe, because of the defaults of the Byzantine Empire onward, the long-standing saying was that someone was “Bankrupt like Greece.” The two countries who are serial defaulters in Europe are France and Spain. The Spanish […]

“Whom the gods would destroy, they first make mad,” was spoken by Prometheus in Henry Wadsworth Longfellow’s poem “The Masque of Pandora”. This seems to be very appropriate to explain our government officials for they are truly insane when it comes to economics. This is all about them sustaining a failed system that is unsupportable. They refuse to look […]

This year’s 2015 World Economic Conference may be the most important since 1987. This event will be a major educational conference which will lay out the future of what we are facing, including the major question of all – where do I put my money? We will also be looking at the Asset Allocation view […]

The European Central Bank (ECB) may buy government bonds of member states to rescue the euro, according to the European High Court. This is in direct contrast to the German Constitutional Court, which rules that it violated German sovereignty. “The program does not exceed the monetary powers of the ECB and is not contrary to the prohibition of […]

COMMENT: Mr. Armstrong; I too have spent my entire life in Physics. You must get this Geometry of Time finished. I concur what you have done is solved the Rubik’s Cube of the Universe. This is incredibly important for the real world as a whole and how everything functions. Truly amazing. WK   REPLY: OK. It […]

QUESTION: Mr. Armstrong; I was reading Wired and then I read your example of three states of government. I suddenly realized you discovered something that was unbelievable. You constantly mention that everything is complex like an onion. I know you have also a physics background. You talk about chaos and patterns upon patterns. I read […]

Late headlines yesterday from the IMF spooked early trade in Europe, which saw support for core debt markets. But this “will they, won’t they” (or should I say, “can they, can’t they”) approach has long been a tiresome excuse for dealers and is another reason why liquidity is so poor. The 10yr Tsy/Bund spread remains […]

Interesting day all around… European bonds are weaker from the opening rumors of unwinding the yen carry trade as a result of the stronger JPY (on Abe’s comments) resulting in 10-year bund trading briefly above 1% and the U.S. 10-year note at 2.50%, but then retail appeared and the bounce continued throughout the day – […]