Baltimore on July 20th, 1877 1783 – Pennsylvania Mutiny of 1783, June 20, Anti-government protest by soldiers of the Continental Army against the Congress of the Confederation, Philadelphia, Pennsylvania 1786 – Shays’ Rebellion, August 29, 1786 – February 3, 1787, Western Massachusetts 1788 – Doctors Mob Riot, New York City, New York 18th century […]

The European idea of taxing financial transactions is nothing new. The EU aims to tax financial institutions a minimum of 0.1% on purchases of shares, bonds and other securities, and a minimum of 0.01% on the notional amount of derivatives traded either on- or off-exchange. Historical evidence indicates that this will discourage foreign investment while increasing […]

1882-1902 The founding of Dow Jones was established by Charles Dow, Edward Jones and Charles Bergstresser who over two decades conceive and commence three products which define Dow Jones and financial journalism: The Wall Street Journal, Dow Jones Newswires and the Dow Jones Industrial Average. The founders state their commitment to excellence in the Journal’s […]

Panic of 1907 The Panic of 1907 came after the 1906 San Francisco Earthquake and that exposed the entire problem of regional internal capital flows within the United States caused by the business cycle and the great variety of localized economies. Indeed, such a period of a temporary shortage burst forth during the Panic of 1907 and […]

COMMENT: Mr. Armstrong: I use to work in Washington and was introduced to you during the 1990s when AMTRAK use to distribute your World Capital Market Reports on the train between New York and DC. I wanted to say that you were absolutely correct on gold and the stock market when no one else was […]

The banks lobbied hard against re-instituting Glass-Steagall arguing that this would be the end of Commercial and Investment Banking. Why Congress even bought that nonsense one need only pick up the rug and see the amount of donations that were made. Glass-Steagall went into effect is 1934 and was in place until 1999. The commercial […]

The shadow banking system has expanded dramatically thanks to regulation. The term has been applied to the collection of non-bank financial intermediaries that provide services similar to traditional commercial banks. Bernanke provided a definition in April 2012: “Shadow banking, as usually defined, comprises a diverse set of institutions and markets that, collectively, carry out traditional banking […]

I previously warned that the Syrian issue being propelled by Saudi Arabia all over getting their pipeline through Syria to Turkey for Europe, was placing at risk a real game-changer in negotiations with Iran. In the June elections, there was a major shift that moved the political wind in Tehran. President Hassan Rouhani won the election in […]

  Medal of Queen Ann Celebrating the Union of England and Scotland 1707 QUESTION:  Dear Mr Armstrong, It’s great to read you blog and get an insight as to the way the world is heading and why. One thing I noticed was your 309 year cycle and wondered if that would have any reflection on […]

QUESTION: Mr. Armstrong, Thank you for all the information you provide on your blog. Looking at a chart you posted on the real estate cycle shows the peak in 2007 then a drop and a bit of a rebound into 2015, followed by a huge drop afterwards.  Am I correct in believing we will see real […]