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 shadow banking system has expanded dramatically thanks to regulation. The term has been applied to the collection of non-bank financial intermediaries that provide services similar to traditional commercial banks. Bernanke provided a definition in April 2012: “Shadow banking, as usually defined, comprises a diverse set of institutions and markets that, collectively, carry out traditional banking […]

I previously warned that the Syrian issue being propelled by Saudi Arabia all over getting their pipeline through Syria to Turkey for Europe, was placing at risk a real game-changer in negotiations with Iran. In the June elections, there was a major shift that moved the political wind in Tehran. President Hassan Rouhani won the election in […]

  Medal of Queen Ann Celebrating the Union of England and Scotland 1707 QUESTION:  Dear Mr Armstrong, It’s great to read you blog and get an insight as to the way the world is heading and why. One thing I noticed was your 309 year cycle and wondered if that would have any reflection on […]

QUESTION: Mr. Armstrong, Thank you for all the information you provide on your blog. Looking at a chart you posted on the real estate cycle shows the peak in 2007 then a drop and a bit of a rebound into 2015, followed by a huge drop afterwards.  Am I correct in believing we will see real […]

QUESTION: Dear Mr. Armstrong- First, thank you for all the research you provide the investment community. I have been duly cautious thanks to your web site — note  I first learned of you through …  web site & and article in The New Yorker. If there has been any lesson to date over the past […]

  The Great 1906 San Francisco Earthquake 5:12 AM – April 18, 1906 QUESTION: Another thing I thought of is I wonder if your models can be used to predict major earthquakes and other similar events?  I understand there has been some good research done that has found a good correlation between them and solar sunspot […]

Google won in the SDNY and may now make millions of copyrighted scanned books searchable on the Internet. A New York judge Denny Chin of the SDNY dismissed a lawsuit from the U.S. Authors’ Guild, seeking money simply for authors because their books are searchable. Quiet honestly, digitization of works is furthering knowledge and  I myself have […]

QUESTION: During the Panic of 1869, gold hit $162/oz on an intraday basis. Grated this was measured in “greenbacks” rather than FRNs, but in terms of purchasing power, wouldn’t that be gold’s real all time high? What might that be, if adjusted for subsequent inflation?  Finally, given that no one—other than Methuselah and maybe Shirley […]

We have received many requests to bring on-line our computer analysis for US equities ASAP because of legal developments. SAC’s criminal guilty plea obtained by U.S. Attorney Preet Bharara of NYC was announced on Monday, is in addition to a $616 million settlement with the U.S. Securities and Exchange Commission. There is a new policy emerging […]