The US real estate market remains very diverse. The high end has been bought by Europeans and Chinese trying to get off the grid. The Chinese have been the biggest buyers as far as ticket price is concerned by the Canadian have been buying the largest amount of property in the USA and with the […]

Citigroup Inc is reported to be close to paying about $7 billion in fines to resolve a U.S. probe into whether it defrauded investors on billions of dollars worth of mortgage securities in the run-up to the financial crisis, reported News Daily. The USA has discovered a cash-cow and the banks have paid now over […]

COMMENT:  Hello Mr Armstrong, just want to share with you an interview today with Mr Draghi in the Dutch newspaper ‘De Telegraaf’ (June 21st 2014). I had google translated the text but made some modifications here and there. Hope you can still understand it. Draghi wants more power to Brussels, that’s quite clear from the […]

COMMENT: Mr. Armstrong – The Liberal majority was no surprise – they are still the best political machine in the province.  They promise no deficit in 2 years – well that’s smack in the middle of  2016, so good luck with that.   What worried me was the militant advertisements by the Ontario Provincial Police […]

As if we did not see this one coming. Goldman Sachs, the untouchable firm, won dismissal of a suit over $450 million in residential mortgage-backed securities. The New York judge amazingly shifted the entire burden of responsibility in fraud to the buyer. It was not Goldman Sachs’ fault, the judge said that the firms that […]

COMMENT Dear Mr. Armstrong, I wanted to comment on your article, but WordPress will not let me log in, so I thought I’d write an email. I respectfully disagree with your ideas in this article. Come live in Southern California. These people are coming for the free $$$$: Food, housing, SNAP, WIC, etc., etc., etc. […]

COMMENT: Hi Martin; thank you very much for your informative blog, i started reading at the beginning of the year and it’s the only one I make sure never to miss a single post. You are the first person I recall mentioning that $3,000 transactions are being kept an eye on. Here is another strange case. […]

Chancellor George Osborne in Britain said he is going to announce a crack down on banks and traders. The jig is up as they say.turned. These measures are reported to include making the manipulation of the foreign currency markets by banks a criminal offence. In his annual Mansion House speech, Mr Osborne will pledge the extension […]

Judge Rakoff is a lone warrior – perhaps the only man standing in the New York court system. There are other judges who are not entirely corrupt, but fear ruling against government. Judge Rakoff also handled the case of the purported terrorist who confessed according to prosecutors  Mr. Abdallah Higazy, an Egyptian graduate student, was […]

A lot of people have written asking my take on the Terrorist Exchange. The first question to ask – are they really terrorists? Assume nothing. The answer is probably no. Why? Obama promised on 60 Minutes to stop the torture and to close Guantanamo Bay. He used that citing Bush during the Presidential Campaign. Why did he […]