QUESTION: Hi Mr. Armstrong. I’ve learned more reading your blog last 4 years than working in finance for 20 years. As you say, the average employee in finance hasn’t got a clue about what’s going on. Question: There’s one thing that has bothered me for a long time; uncertainty about numbers regarding GDP, unemployment and […]

QUESTION: The distinction between the Repo Crisis and Quantitative Easing is the duration and purpose as distinguished from 2007-2009? HS ANSWER: Yes. Under QE, the Fed was buying in 30-year bonds in hope of creating a shortage of long-term paper that would in theory lead to consideration of buying long-term mortgage paper. It was trying […]

QUESTION: Regarding the repo crisis blog. Surely president Trump would be interested in what you do. Am I just being naive? I mean if the administration were kept informed by Socrates, knowing it’s history, wouldn’t they try to adapt? At some point they have to admit your right. MH ANSWER: I think Trump himself would […]

There has been a rise in Europe of what is called the Extinction Rebellion, which boasts: “We are in the midst of a mass extinction of our own making.” This has been based upon a book that has put forth a theory that one of the five mass extinctions in history was caused by CO2 […]

QUESTION: Marty; The goldbugs are back and claiming the Repo Crisis is MMT and this is again just printing money endlessly to cover up a major banking crisis in the USA so buy gold of course. You said at the WEC cocktail party this would happen because these people never understand the world economy. Is […]

The central banks are keenly aware that they cannot stimulate economic growth, although they will not state that publicly. The wheel of fortune has completed its revolution. The central bankers are quietly lobbying the political side of the aisle to swing back to Keynesian fiscal policy and reverse austerity. The 63-year-old Christine Lagarde was supported […]

ASIA: A lot of pessimism in the news today regarding the US and China trade deal, with agricultural and concerns over intellectual property being the main sticking points. In addition to this, China came out with a bold statement for the US to stop flexing its muscles in the South China Sea in a separate […]

ASIA: More protests occurred overnight in Hong Kong as students and police have been clashing. China will most likely intervene in Hong Kong as their previous “hands off” policy is not providing the desired result. China released a new submarine. The JL-3 has a range of up to 7,500 miles and could reach the US […]

ASIA: China is trying to implement a digital currency and be the first in the world to do so. “We know the demand from the general public is to keep anonymity by using paper money and coins…We will give those people who demand it anonymity in their transactions,” Mu Changchun, head of the People’s Bank of […]

ASIA: The Chinese Community Party has responded to US Secretary of State Mike Pompeo’s attack that claimed China is too focused on international domination and needs to be confronted. The CCP stated that his comments were extremely dangerous and exposed his sinister intentions. “Pompeo is splitting apart and setting in antagonism against each other the Chinese […]