As there is a drive to eliminate cash, police are engaging in illegal search and seizures of debit cards. More and more businesses are refusing to accept cash, which was noted even at a ball game at Tropicana Field in Florida. They announced that during in 2019, they will no longer accept cash to pay […]

  Asia: The following country’s markets are closed for the national holiday: China, Hong Kong, South Korea, and Singapore. The Chinese Yuan increased 16 bps against the dollar despite the market being closed. The Japanese stock market increased +0.14%. The YoY for the Nikkei is still negative, slipping -3.56%. The same cannot be said for […]

QUESTION: Mr. Armstrong; I have studied you Economic Confidence Model and found it to be extremely accurate in forecasting the business cycle. When I showed it to my professor here at ——— he responded that itis impossible to forecast the business cycle. He would not even engage in a conversation about it. Why are they […]

QUESTION: I work in the construction industry in Phoenix Arizona and there has been a boom in new construction for apartments, condos massive housing tracts and all of the retail that follows this. When I read about your worldwide property crash forecast the economic forecast for growth in our market is that that there is […]

  Asia: Slightly subdued day in the Asia markets as the Nikkei was down -60bps but still well within the recently formed upwards channel, which started at the beginning of the month. On Sunday the BOJ meeting minutes were released, the minutes showed that the policy makers were disagreeing over the appropriate level of the […]

QUESTION: Hello Sir, I am French and have been reading you for many years (I already read you while you published papers while you were very unfairly imprisoned). I signed up for Socrates on 6th January and must thank you warmly for opening my eyes to the real state of the global economy and its cycles. […]

QUESTION: Mr. Armstrong; I have been reading your blog for years now. It is obvious that you are well connected behind the curtain. It did not take but perhaps a day or two after you explain the difference between wealth and income to suddenly see Elizabeth Warren adopting the position to impose a wealth tax […]

Most core Asian indices finished todays trading on a positive note. Both Shanghai and Hang Seng indices recovered from early losses and managed a close at the days highs. Both closed up +0.4% on continued talk of domestic support and the possibility of shorter working weeks. In Australia the jobs number released better than expected […]

The economic slowdown, voiced now by the IMF, has had an understandable impact on the Asian markets today. Probably the result of the weekend Chinese data, but at any length we now have a nervous market that is back looking for the bid! The Japanese Index is retreating from a one months high with dealers […]

QUESTION: Mr. Armstrong; So if I am correct, you have no problem with the inequality of wealth because you have it. Correct? JS ANSWER: Let us look seriously at this issue. All of these people who talk about the disparity or inequality of wealth, claiming it is evil, completely fail to even understand the subject. […]