ECB openly asserts that the banks must be saved by the depositors – not bailouts. That means the faulty design of the Euro and the utter failure to create a single debt making all bond issues of member states reserve quality forces the political failure of Europe to properly design a monetary system now the […]

The Libor Fixing Scandal of interest rates has shown precisely what I wrote about in Behind The curtain. I have personally witnessed the trading mentality of the commodities trader from the ’70s consume Wall Street when it began with the PhiBro takeover of the bond trading house Solomon Brothers – the mentor of so much […]

QUESTION #1: What is your opinion of Trump’s statement regarding the COVID vaccine: “YOU’RE WELCOME, JOE, NINE MONTH APPROVAL TIME VS. 12 YEARS THAT IT WOULD HAVE TAKEN YOU!”” JN ANSWER #1: I have a serious disagreement with Trump, and it bothers me that he has not expressed what so many now realize was wrong. […]

I cannot stress enough that many businesses have been put on notice – get the hell out of NY ASAP! After Judge Engoron’s ruling, even the absurd Democrat Governor Kathy Hochul has been forced to come out because of rumblings of mass migration from NYC to Florida, where companies are welcome and there is no […]

Our founder, Martin Armstrong, began trading in the mid-1960s. He noticed that it did not matter what the investment was; everything would rally in the heat of a buying panic and then crash in the blink of an eye. His history teacher in high school brought in a black & white movie, The Toast of […]

ASIA: China’s central bank and forex regulator held a meeting with foreign financial institutions and companies, including JPMorgan, HSBC, Deutsche Bank, and Tesla. This meeting reflects China’s efforts to attract overseas investment to support its economic recovery. The People’s Bank of China (PBOC) stated that China aims to enhance its policies and create a more […]

  COMMENT: Mr. Armstrong, I have been impressed by your Economic Confidence Model. You said there would be no recession until after 2024. You were really the only one who said that. Now Bloomberg reported that the forecasters who “were first out of the box to predict a US recession” are now hedging their bets. […]

ASIA:   China’s factory activity contracted at a faster rate than expected in May, signaling weakening demand and adding pressure on policymakers to support the country’s uneven economic recovery. The official manufacturing purchasing managers’ index (PMI) fell to a five-month low of 48.8, below the 50-point threshold that indicates expansion, and lower than the forecasted […]

ASIA:   Singapore’s March non-oil domestic exports (NODX) shrank 8.3% year-on-year, official data showed on Monday, though the drop was smaller than the previous month and less than forecast. On a seasonally adjusted month-on-month basis, NODX increased 18.4%, Enterprise Singapore data showed, versus the prior month’s 8.2% decline. Economists had forecast 1.7% growth. The trade […]

  ASIA:   Japan’s economy narrowly averted a recession in the final months of 2022, barely growing on frail consumption after shrinking in the third quarter, revised data showed, underscoring the challenge for policymakers trying to shore up a wobbly recovery. Record high inflation and slowing global growth amid sweeping monetary tightening across many countries […]