Obama’s Portrait – What Does it Say?
The official portrait of Obama was painted by Kehinde Wiley. This is a very unusual painting putting a president in a garden setting which traditionally was limited to women’s portraits. It reminds me of the painting in the Villa of Livia, the wife of the first Roman Emperor Augustus (27BC-14AD). Obama’s portrait’s background is filled with […] read more
FEB 18, 2018 - 12:05 am
Superbowl LII – Can a Model Ever Be Created?
Well, Superbowl 52 is here and it promises to be the coldest one ever – no doubt caused by Global Warming. Since Superbowls began in 1967, we are setting a new record. My daughter told many people at the conference how I had just flown back from Europe and she was in the hospital just […] read more
FEB 4, 2018 - 11:11 am
Cracking the Bull Market? Or Setting the Stage?
COMMENT: Mr. Armstrong; I have followed you since the 1980s. I have never known you to ever miss an event like today. Thank you for showing the world how everything really is connected. Your system is truly amazing. DK REPLY: It is very gratifying that people are becoming students of the market. If we grasp […] read more
FEB 2, 2018 - 8:07 pm
Argentina – The Continued Shift to Private Assets
COMMENT: Greetings from Argentina. Merval Argentina indexed doubled since new president Macri started in Dic 2015. Any comments about Latin America – South Cone? You never mention this part of the globe. Thank you I am a long time reader. REPLY: The Merval is covered on Socrates. Nevertheless, if this market breaks through […] read more
JAN 28, 2018 - 12:02 am
Can We Stop the Government Borrowing & Just Print Without Inflation?
The conservatives are going nuts about raising the debt ceiling as if this really matters. They claim: “The United States is effectively bankrupt, but that doesn’t matter to the GOP. Once evangelists of fiscal responsibility and scourges of deficit spending, Republicans today glory in spilling red ink. The national debt is now $20.6 trillion, greater than […] read more
JAN 24, 2018 - 12:01 am
Russia Responds to the Trump Tax Reform
Russian President Vladimir Putin is also responding to the Trump Tax Reform. Putin has also taken a step to promote the repatriation of capital from abroad. He is now proposing that only a 13% tax on funds retrieved should be abolished. Additionally, he is proposing that there should once again be an amnesty for Russian […] read more
DEC 30, 2017 - 12:05 am
Venezuela Oil Industry Collapsing & May Take the Gov’t With It
Venezuela has the largest proven oil reserve in the world. However, they are out of gasoline. The government has attributed this to poor management which has led to the stoppage of 80% of the country’s refineries. So much for socialism. The assumption that government is competent of managing anything is proven by this very example. My old friend, […] read more
DEC 28, 2017 - 12:32 am
China’s Housing Boom
QUESTION: Mr. Armstrong; What about the Chinese housing bubble. Why has this been so different in many ways? IX ANSWER: The primary difference is the simple fact that Chinese cannot take their money out of the country under the capital controls. Consequently, the property market has become their bank account. They have been moving from […] read more
DEC 26, 2017 - 12:05 am
Government Power & the Inversion Delusion
COMMENT: The Trump Tax Cut,… Having read your blog now for a couple years, it seems that the problem is squarely upon “why” we have or need Government. To that end, it all hinges on the relationship of Person to Government. What we have now is: People are subservient to Government. There will be no solution […] read more
DEC 19, 2017 - 12:01 am