On Wednesday before the vote of confidence in Parliament, the government locked down itself in Rome fearful of the rising discontent in Italy. The Italian government fears violence at parades a whole new protest movement. This protest is growing from Turin, spreading to Genoa, Milan, Alfano, Rome, Savona and numerous other cities. This is what Homeland […]

QUESTION: Dear Mr. Armstrong, You have not reported on the sinking Dollar for a while. Is this just one of the phases of competitive devaluation between the majors  with the US selling  or is it China liquidating.  With the Euro in a mess, the Swiss banks cracking and the $ falling where is the sense of it all and […]

The Global Market Watch has been posted for the close of December 11th, 2013. https://www.armstrongeconomics.com/market-watch/

REPORTING FROM UKRAINE We will not disclose who is reporting directly from Ukraine for security reasons that should be obvious. So… oops they did it again – by night, at the best tradition of KGB. The Ukrainian riot police are moving against protesters and are using tear gas and batons. They are driving people out […]

COMMENT: “Switzerland is caving in all over the place. I just got notified the IRS wants to look at my 2008 return because I was a partner in a company back then that had a perfectly legitimate business account at UBS back then. Statute of limitations is up on my return, so I have reason […]

The Amazing thing is people are already talking about this is a BUBBLE that is unsustainable. They are now claiming household income is down 4% yet the S&P 500 is up 70%. They are incapable of any real analysis. The RETAIL investor is NOT involved in this market. There is no wild speculative fever. They […]

The Middle East is planning to form their own monetary union with a single currency pegged to the dollar – not the euro.The states of Saudi Arabia, Qatar, Bahrain and Kuwait are planning a new single currency as members of the Gulf Cooperation Council.The new currency will be pegged to the U.S. dollar rejecting the […]

The Global Market Watch has been posted for the close of December 10th, 2013. https://www.armstrongeconomics.com/market-watch/

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 Euro-savior Wolfgang Schäuble and Jean-Claude Juncker could soon be the most important bank directors in Europe. They want a Superbank that has the last word over all of Europe and direct access to taxes if there is a crash. This is the very place they said the Euro would not go. It was why […]