Donald Trump has come out to say that he had no plans to fire Federal Reserve Chairman Jerome Powell. “No, I have no intention of firing him,” Trump told reporters. “I would like to see him be a little more active in terms of his idea to lower interest rates,” the president added. “This is […]

QUESTION: Marty, This report on all of Europe is unbelievable. Something like this would cost more than $100,000 from M——-, and they have an opinion, not actual, real forecasts. Do you intend to do one for Asia and South America? PL ANSWER: This took a lot of time to put together. The risk of war […]

COMMENT #1: Thank you for your private blog. I can see that the turning points laid out in Socrates are indeed pressure points that then cause people to react as Trump just did. You were right. The 7th held. These people get hysterical and blab out forecasts on emotions, as you said. Thank you for […]

  Some believe that Donald Trump is deliberately attempting to cause a sharp downturn in equities to force a flight into treasuries. If so, the Federal Reserve would have more of a reason to slash interest rates—Trump’s longstanding desire. Trump has stated that the markets are undergoing an “operation” of sorts, but I would not […]

President Trump announced a baseline 10% tariff on U.S. imports, with steeper reciprocal levies on goods from Europe, Japan, China, and more than 50 other nations. The problem is that he will be blamed for the recession/depression the world is headed into, which will not bottom until August 25th, 2028. Economists widely criticized tariffs for […]

The US Congressional Budget Office is warning that the federal deficit has hit a point of no return. It is far too late to cut wasteful government spending. Politicians have kicked the can down the road for far too long and left us with a financial system held up through perpetual borrowing that cannot be […]

  QUESTION: Mr. Armstrong, I have followed Socrates for over a year now. I was told by friends you run the most unbiased site in the industry. I greatly appreciate how objective it really has been. What I am dumbfounded by is how, with the tension now with Iran and Trump’s ultimatum to Iran, even […]

  QUESTION: Mr. Armstrong, Nobody has a computer that covers everything. Your forecast at the WEC that the Democratic Party would collapse is unprecedented. Nobody has even contemplated that such a thing could happen. Yet right now this is unfolding. The new polls from NBC News and CNN. The former poll showed that only 27% of Americans held […]

I have been warning that we are approaching World War III as a distraction from the collapse of sovereign debt in Japan and Europe.  The total outstanding government and corporate bonds globally have now exceeded $100 trillion in 2024, as reported by the OECD. As I have also been warning, the central banks have been […]

Jerome Powell kept rates unchanged as our computer was projecting. However, he did weigh in on the state of the US economy, pointing out that Donald Trump’s policies were one reason why inflation is turning back up. He also reduced the Fed’s 2025 growth projection, noting that uncertainty around the slowing economy is increasing. The […]