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Armstrong Economics 101

Supplemental Poverty Measure on the Rise

The latest Supplemental Poverty Measure (SPM) found that at 12.9% of American households currently rely on government assistance, up from 12.4% one year prior. The...

Socrates Forecasting the Insane Future

  COMMENT: Mr. Armstrong, I’m blown away by your computer. How did it know about July and September of this year, which you told us about long ago!? We got...

Stagflation Begins

Nine of the 12 Federal Reserve districts reported a decline in economic activity in August, up five districts from the July Beige Book report. Our system has warned...

Forecasting Recessions

  COMMENT: Mr. Armstrong, I find it incorrigible that everyone now claims recession when they have never predicted a recession before. That was clear from the...

How to Read the July Jobs Report

The Bureau of Labor and Statistics released its report for July, indicating a slight uptick in employment. It is difficult to trust BLS data after their latest data...

The Jobs Number & Russia

The U.S. economy added fewer-than-expected new jobs last month because most economists still refuse to comprehend that there is such a thing as the business cycle....

Will Rate Cuts Help Canada?

The Bank of Canada voted to cut rates by 25 bps to 4.25%, marking the third consecutive rate cut. Inflation has allegedly slowed to 2.5% as of July, and Governor...

When Family is Not Family

QUESTION: What do you think of RFK’s sister? I can’t imagine her as a family member. GH ANSWER: Let me explain something that shocked me when I was a...

Have the Democrats Reversed the American Dream?

Before the evolution of the Industrial Revolution, Social Mobility truly did not exist. More often, one tended to follow in the footsteps of their family. Farmers...

BLS Admits Biden-Harris Did NOT Create New Jobs

The Bureau of Labor and Statistics has always been crafty with releasing data. The BLS consistently revises data from its monthly survey as it prefers to release...