QUESTION: Hi mr. Armstrong, I’m aware of your blog for almost a year and try to daily follow your posts. I’m from the Netherlands and also over here government and other officials try to make the people believe that we’re recovering from the economic crisis. There is no mention given about a coming debt crisis. […]

The refugee crisis in Europe is going from bad to worse. Refugees are entering Europe from everywhere but are heading to Germany. Even here in Greece, the same flow of refugees heading to Germany is underway. On Friday, the Croatian border police put thousands of refugees in buses and trains and Hungary responded by arresting […]

I am here in Athens for the elections this weekend. I must state, at this point in the game it appears to be Greek theater with Brussels pulling the strings and the politicians merely playing parts. Whoever governs is almost a moot point for it seems that the political forces are not interested in an […]

The Federal Reserve yielded to international pressure, making the very same mistake that it made during 1927. Back then, there was a secret meeting and the Fed agreed to lower U.S. rates to try to help Europe to deflect capital inflows back to Europe. The exact opposite unfolded in the aftermath when even more money abandoned Europe […]

The Japanese government’s economic revival strategy, which has been dubbed “Abenomics”, has proven to be a failure. We warned that the Sovereign Debt Crisis will begin in Europe, then hit Japan, and in the process will push the dollar to record highs which will inject deflation into the U.S. economy. Moreover, only a rising dollar […]

John Boehner has been the most ruthless Speaker of the House perhaps since Henry Clay. He is notorious for targeting people within the Republican Party who do not do as he commands. Now, with the debt ceiling issue coming back for September 30, Boehner has no trust and even those closest to him are having […]

The Schengen Agreement was to be the cornerstone of the entire euro proposition. We just warned that this freedom of movement would begin to come under pressure with this turning point:“As the economy turns down very hard after 2015.75, we are more likely than not going to see the freedom of movement in Europe fragment and that […]

Asian equities traded on the heavy side today (Nikkei -1.63% and Shanghai -2.67%), and so followed Europe. However, the U.S. market appeared most nervous of all world indices, even though they ended the day only down -0.4%. Obviously, the Fed’s decision is the main topic of conversation with Retail Sales tomorrow only gaining a mention, but these were reasons given for the tightest trading range seen in […]

  QUESTION: Martin, Can you go into more detail about the time frame for global cooling, and its ramifications, what to do to prepare oneself etc… Obviously this is going to affect everyone, everywhere. craig ANSWER: According to our models, this downturn should be greater than the last one in the 1700s. Volatility rises, so the swings […]

It was a mixed session for Asia yesterday after what has been a very volatile week. The talk remains as to what China’s next move would/should be and “if” the Fed will move next week. This been the most awaited Fed decision in years and has been the hot topic just about everywhere. It was a clearer […]