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Economics

May CPI – Vance Angered by Powell

The consumer price index rose by 0.1% in May, bringing the annual rate of inflation to 2.4%. Excluding food and energy, the core CPI came in respectively at 0.1%...

Second US Commerce Dept Report – GDP Stagnant

The US economy contracted by 0.2% from January through March of 2025. This is the second Q1 estimate provided by the US Commerce Department, with a third on the way...

LA Hotel and Airline Employees – Min. Wage $38 Per Hour

California routinely selects groups of minimum wage workers and decides that their skill set is now worth tenfold. The state in general increased the minimum wage...

The Theory of UNCERTAINTY

QUESTION: What is your view of Frank Knight’s view of risk versus uncertainty? HL ANSWER: Frank Knight was an influential economist and founder of the Chicago...

Bessent Disagrees on US Credit Downgrade

US Treasury Secretary Scott Bessent rebuked Moody’s lowered rating of US credit from AAA to AA1. “First of all, I think that Moody’s is a lagging...

Moody’s US Downgrade AAA to AA1

Moody’s Investor Service downgraded the United States’ credit rating from a top-tier rating of AAA to AA1 due to rising government debt. Fitch Ratings lowered...

US April Inflation – 2.3%

The numbers are in, and the Consumer Price Index fell to 2.3% this April annually, down from March’s 2.4% reading, according to the Bureau of Labor Statistics....

Inflation the Real Story

QUESTION: Mr. Armstrong, a friend of mine attends your conferences and said you’re the only person who understands the economy because you have international...

Soros and the Club Trading Against Socrates – a History of Failures

The West’s obsession with regime change has never been about democracy–it’s about control. In “The Plot to Seize Russia,” I lay out how the Club — a...