The head of the Bank of England, Mark Carney delivered a speech at the “Lord Mayor’s Banquet” in London’s financial district with the surprise announcement of an interest rate reversal. United Kingdom This is a departure from the policy of the ECB. Primarily, the British economy was saved by staying out of the Euro. The significant […]

I previously reported that our sources were reporting that central banks were starting to buy shares to diversify their reserves. All of our sources in Asia and Europe have been reporting this trend. So while the talking heads keep preaching the crash and sell equities, the retail market may not be buying this market yet […]

COMMENT Dear Mr. Armstrong, I wanted to comment on your article, but WordPress will not let me log in, so I thought I’d write an email. I respectfully disagree with your ideas in this article. Come live in Southern California. These people are coming for the free $$$$: Food, housing, SNAP, WIC, etc., etc., etc. […]

QUESTION: Am I correct in saying that Spain collapsed because of debt and not hyperinflation? Thanks; SD ANSWER: YES! The history of Spain is a classic example of economic and fiscal mismanagement. Christopher Columbus was the greatest example of a politician today. He embarked upon a journey not actually knowing where he was going, and […]

QUESTION: The invasion of children from the Mexican perspective is to have a better life. The U.S. perspective is all these people do not pay taxes and take jobs. Is this common throughout history? ANSWER:  The Mexicans are not coming here because of taxes but for OPPORTUNITY. Americans are complaining they do not pay taxes and […]

It is really beyond me that whether we are talking about people who commit crimes, terrorists, or just reporting statistics and accounting, those in government just can NEVER tell the truth and quite frankly there is NO controlling mechanism to ensure they will ever tell the truth. It is a criminal offense to lie to […]

  Gold began the bounce on target but we need a daily closing ABOVE 1295 to suggest any further upside pressure. The low was on June 2nd so technically we have fulfilled the first target in time for a June seasonal low. We would need a weekly closing above 1355 to really suggest a brief […]

The IMF warns against financial problems in the Swedish economy. The government needs to urgently curb private debt home buying warns the IMF. If the property prices fall, Sweden threaten economic turmoil. The recent data indicate that household debt ratios are high across all income groups. However, indebtedness among the lower-income households are generally more vulnerable to […]

  Behind the fall of Communism are some very interesting trends that are not understood very well in the West. The stark difference between Russia and China was the attitude toward the people. In Russia, Stalin was paranoid about what was in people’s minds. In China, it was the tall poppy syndrome – as long […]

QUESTION: Marty; Virtually every so-called analyst on TV has missed the US stock rally. When they asked … how does it feel that he missed the rally, he said he didn’t miss it because he was in a foreign market not US. Then he said once the Fed cuts off all of its QE stimulus the […]