ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
June 17, 2023 | Biden – Admits He is a Puppet
COMMENT: You are just anti-Democrat and always against Biden. WU REPLY: Sorry, you are so biased you cannot look objectively at anything. When Biden utters the phrase “I’m deviating from the script, and I going to get in trouble” don’t you understand that someone is scolding him if he speaks his own mind? I’m sorry. That is irrefutable evidence […]
June 17, 2023 | Tech Talk for Saturday June 17th 2023
The Bottom Line Changes in currencies are having an important impact on equity and commodity prices. The U.S. Dollar Index and its related Exchange Traded Note (Symbol: UUP) moved significantly lower following news on Wednesday from the Federal Reserve that it plans to maintain the Fed Fund Rate at 5.00%-5.25% for now. In response, world […]
June 16, 2023 | Espionage Act & Abuse of Power
Many people have written in and asked how can Trump be charged under the Espionage Act. There is probably no other Act that has been so abused than this statute. It has been responsible for witch hunts and the deliberate execution of people the prosecutors knew were innocent. This Act has silenced people, been used to […]
June 16, 2023 | The Fed Remains Committed To Fighting Inflation
The Federal Reserve delivered a “hawkish pause” this week. The Fed funds rate was held steady, as the Fed continued to tighten monetary policy and suggested that further rate hikes are inevitable. Will the Fed stay the course until inflation is at its 2 percent target? The official statement says that the Fed is committed to a […]
June 15, 2023 | Biden Wannabe Dictator? No Way.
Ep. 4 Wannabe Dictator pic.twitter.com/MDcs5g0gxB — Tucker Carlson (@TuckerCarlson) June 15, 2023
June 15, 2023 | How You Store It, Part 1: Gold In Hand
Gold bugs have a saying: “If you can’t hold it, you don’t own it.” This is emphatically true. Our banks, brokers, and crypto wallets can be looted by hackers or rapacious governments, or they can simply go dark during a power outage, cyberattack, or bank holiday. So the only wealth we truly own is what […]
June 15, 2023 | “Skip”, QT and High For Longer–Not Bullish
A world of bullish commentators asserts that Fed pauses are positive, even though the worst economic and stock market downturns have always come after the Federal Reserve stops tightening. After ten consecutive rate increases and the sharpest rate of change since 1980–yesterday, Fed Chair Powell announced a “skip” with ongoing quantitative tightening (QT) and possibly […]
June 14, 2023 | Powell on the New Hawkishness in the Dot Plot and on Inflation: “We See that it Tells Us that We Need to Do More”
Renewed hawkish sentiments are building up at the Fed for the second half this year. That’s what we saw today. While the Fed kept rates steady today “to assess additional information and its implications for monetary policy,” the median projection in the FOMC’s infamous “dot plot” today calls for two more rate hikes this year, […]
June 14, 2023 | So What Comes Between Now & 2032?
QUESTION: Dear Sir, With regard to your recent blog post – [ https://www.armstrongeconomics.com/international-news/politics/word-of-warning-they-cant-put-trump-in-prison-but-they-can-you-for-protesting/ ]… … you included the ECM chart depicting the decline and fall of the United States. You have an encyclopedic understanding of the cyclical rise and fall of empires. Seeing as how the USA presently constitutes a veritable empire in most respects, are […]
June 14, 2023 | Lagging Shelter Costs Mask Magnitude of Disinflation Unfolding
Shelter costs account for a whopping one-third of the US consumer price index (CPI). Ex-shelter, the other two-thirds of CPI components deflated 0.1% month over month in May and were a tame +2.1% year-over-year (close to the official 2% CPI target). Higher home and rent prices were significant factors in spiking inflation between 2020 and […]
June 13, 2023 | Putin Pleas for Peace
The vilification of Putin has been extremely successful, so much so that no one is listening to his words. The Russian leader recently spoke of conflict resolution. That is not something a warmonger hellbent on conquering nations would discuss. And yet, Putin seems to be the only world leader discussing the potential of resolving the […]
June 13, 2023 | Disinflation Offers Cause For Pause
May’s US CPI at 4%–the lowest since March 2021–has increased the prospects of a Fed pause tomorrow; a July hike remains possible. But as I’ve pointed out for months, pauses are not bullish; historically, they’ve preceded the steepest part of economic and market downturns. The good news for consumers (but not corporate profits) is that recessions […]
June 12, 2023 | The Rule of Law – Trump is Finish?
QUESTION: Marty; This seems that the onslaught against Trump is a desperate attempt fearing that he would stop the war and reverse climate change. I have been reading you for years. You have great sources but also a great insight into what is happening in this corrupt world. I used to question your warnings that […]
June 12, 2023 | Full Cycle Bearings
The S&P 500 is up 11% YTD (below in brown); the Nasdaq nearly 33%; and the TSX is +2.5%. Under the hood, a 53% year-to-date average gain for the seven most expensive US tech companies has done the lifting (in green below since December 2022), while the other 493 S&P 500 companies (in orange) have […]
June 12, 2023 | The Firm Grip of Tiff Macklem
Happy Monday Morning! The Scotia guy was right, and the Bank of Canada delivered with another rate hike. It was only 25bps but the signal sent shockwaves through the bond market. It’s incredibly rare for a central bank to raise rates, pause, and then start hiking again. Pauses are almost always met with inevitable rate […]
June 11, 2023 | The True Story of Hyperinflation
QUESTION: Dear Mr. Armstrong, could you please explain what happens in technical terms from a capital flow perspective, when confidence is lost and hyperinflation starts to begin? For example Turkey. When Erdogan was elected i think you wrote that ever since the lira started dropping. So confidence in politics is key. Do you think one […]
June 11, 2023 | How Wall Street Thrives on Meaningless Data
The Biden Administration can count on Wall Street to celebrate meaningless economic data and bogus GDP growth with steep rallies, even as the visible economy continues to implode. It will become increasingly difficult to ignore signs of impending collapse, however, as anyone who lives in San Francisco could tell you. The city’s growing wretchedness is […]
June 11, 2023 | Storm Cycles
In economics we often talk about cycles. “Business cycle theory” is an entire academic sub-field whose basic idea is that economic history really does repeat itself. Not in every detail, of course, but as a recurring sequence of expansions and recessions. More broadly, some historians think human civilization goes through cycles. Often, they base this […]
June 10, 2023 | Hypocrisy of our Time
COMMENT: Mr. Armstrong, Your economic confidence model is too good for the corrupt Noble Prize. I have been following you since 1983. Your research into the shift in confidence between the people and government is so in your face today, I can see why you said the dollar may not last beyond 2029. It is […]
June 10, 2023 | Becoming Invisible: How To Choose And Use A VPN
It’s creepy but true: Most of what we do online is observed by an ecosystem of predators ranging from marketers to hackers to foreign and domestic governments, many of which are out to trick, coerce, or rob us. There’s no one silver bullet to blind and/or repel them all. But there are tools that address specific threats […]
June 10, 2023 | Trading Desk Notes For June 10, 2023
The S&P and the Vanguard Total Stock Market ETF (the VTI) made new highs for the year this week The S&P is up >22% from last October’s low. The VTI is up ~23%. The Nasdaq 100 is up ~40% from October’s lows. The rally in the benchmark indices continues to be driven by big gains in […]
June 10, 2023 | Tech Talk for Saturday June 10th 2023
The Bottom Line: Watching for responses to bad news! Investors are confronted with a series of bad news events this week: News from the FOMC meeting on Wednesday. Members of the Committee hinted that they will “stand pat” with the current Fed Fund Rate at 5.00%-5.25% in anticipation of more “data points” (including the May […]
June 10, 2023 | Technology Enabling Brighter Future
With Canada battling horrible forest fires, there is good news: we have solutions to stop compounding the harm. Along with sending well wishes and support to those directly impacted, individuals are each called to evolve and help lead the change. Keeping ourselves apprised of rapidly advancing technology is a first step. The clips below help. […]
June 9, 2023 | Mission Accomplished?
A set of readily-verifiable facts have combined to point to a stunning conclusion, namely, that thanks largely to enough people doing the right thing, that the federal commodities regulator, the Commodity Futures Trading Commission, may have also finally done the right thing when it comes to the decades-old COMEX silver price manipulation. If my assessment […]
June 9, 2023 | The Bank of Canada Turns Hawkish Again
The Bank of Canada delivered a surprise rate hike to 4.75 percent on Wednesday, reversing an April 2023 decision that paused the interest rate hiking cycle. As a result, mortgage rates, prime lending loans and almost everything else in the debt business will get more expensive. At what point will the BOC stop its rate […]