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Armstrong Economics 101

Confidence in US Government – 1958 to Now

When the National Election Study first asked the question in 1958, about 73% of Americans said they trusted the federal government to do what is right most or all...

US Inflation at 2.9% – Inflation not in Transit

The latest PCE inflation data for December 2025 once again confirms inflation is not collapsing the way politicians and central banks keep suggesting. The Federal...

Mamdani to Drain Rainy Day Fund AND Raise Taxes

New York City Mayor Zohran Mamdani announces he is “forced to raid the rainy day fund, retiree benefit trust reserve, and to increase property taxes” in order...

Dow to 100K?

Donald Trump recently stated that the Dow could reach 100,000 by the end of his presidency, and the usual crowd immediately rushed to either cheer or ridicule the...

Chipotle Seeks Wealthier Customer Base

Chipotle CEO Scott Boatwright publicly admitting that the company is now aiming its marketing and pricing toward households earning over $100,000 a year is a...

The Economy into 2028

QUESTION: Marty, January posted the largest January job loss numbers since the Great Recession of 108,435, which was a 118% increase from a year earlier. This seems...

What a Difference a Day Makes in Metals

One commentator said great job, you were off only 24hrs in picking the high in gold. Another wrote in asking how did you know this would be a cycle inversion with...

Beware of February Onward

COMMENT: Hyperinflation and sanctions on cue in Iran, 103.2 years before Weimar. Iran headed to 47.3 year peak in early 2027 on ECM from hostage taking, after which...

The Dark Side of Humanity?

QUESTION: Thank you for your efforts to reduce the amplitude of war. It is really remarkable that a person’s talents, wisdom, or achievements are often...

Cost of Living Rising Faster in Blue Cities

Cycles are often systemic, predictable, and, as I have long argued, often the result of policy distortions interacting with underlying structural forces. The latest...