Futures studies or foresight (previously known as futurology) is the study of postulating possible, probable, and preferable futures and the worldviews and myths that underlay them. — Wikipedia (2010)


Financial Markets Update 25/07/2015

At this stage we are set for a stock market crash in the US for the fourth quarter of 2015. As per our previous warnings our Business Cycle Analysis suggests M2 NSA quarterly average money supply growth is collapsing, undercutting … Continue reading


Greatest Risk

Martin Armstrong writes: The greatest crisis we face is the destruction of liquidity that government is causing by their hunt for loose change. Their desperate need for money is tearing the world economy apart at the seams. Even in Europe, … Continue reading


Middle East Turning Net Borrowers?

By Martin Armstrong of Armstrong Economics: Further evidence that 2015.75 is really the peak in a Massive Debt Bubble: The Middle East has always been on a cash basis as their revenues from oil exempted them from ever borrowing money … Continue reading


Warning: use extreme caution

US money supply growth (M2 NSA quarterly average) has fallen consistently since early February to present. From a high at 7.88% money supply is now at 3.16%. This means that the stock of new money coming in to support the … Continue reading


The Rise of Medical Tourism

Comparative advantages between countries creates opportunities for sick people needing treatment. In many government run health care systems it can be cheaper to travel to another country and be treated there. You jump the waiting queue and the costs are … Continue reading


Yanis Reveals EU Denial of Any Right of the People to Vote

By Martin Armstrong for armstrongeconomics.com Greece’s Finance Minister Yanis Varoufakis has come out to reveal the quite shocking and anti-democratic events that took place during the last Eurogroup meeting. First, they do hate Yanis’ guts, for he understands far more about the … Continue reading


And More Innovation

Portland is now powered by water pipes and flushing toilets by Colin Payne Portland residents can now generate green electricity simply by turning on their water taps and flushing their toilets. Fast Company reports that the Oregon city is using … Continue reading


More Solar Innovation

V3Solar’s spinning solar cells generate 20 times more electricity than flat photovoltaics by Charley Cameron If there’s one constant among the vast majority of solar panel designs, it’s flatness; while solar panels can be equipped to tilt to follow the … Continue reading


U.S. Continuous Average Temperature Index – Discontinued

by Martin Armstrong The National U.S. Historical Climatology Network (USHCN) monthly temperature updates have been discontinued. The official CONUS temperature record is now based upon nClimDiv. USHCN data for January 1895 to August 2014 will remain available for historical comparison. … Continue reading


Brussels to Take Over Tax Collection in Europe – End of Democracy

by Martin Armstrong Germany and France have called for the establishment of a central EU authority for the eurozone to raise taxes independently. This plan is part of a package of proposals for far-reaching integration of the single currency zone: the … Continue reading


The Coming Cashless Society

 Martin Armstrong of armstrongconomics.com writes about the coming cashless society: You are now watching newspapers, TV shows, and other forms of media preparing for the coming cashless society. This is a marketing campaign, and may indeed be what October 1, … Continue reading


Canada Legalizes Physician-Assisted Dying

In February 2015, Canada legalized physician-assisted dying — a first among countries with common-law systems, in which law is often developed by judges through case decisions and precedent. The Supreme Court of Canada issued the decision in Carter v. Canada … Continue reading


ABCT Modelling shows US economy vulnerable at present to shocks

Our Austrian Business Cycle Theory (ABCT) model indicates potential trouble ahead. It appears the capital-consumption structure of the US economy is vulnerable to potential shocks with the risk of economic activity failing. For existing capital-consumption structures to be maintained, our … Continue reading


Small is beautiful. The Nano future is coming

From http://www.shapingtomorrow.com/ Small is beautiful – Nano futures are surrounding you Advances in nanotechnology will be a key enabler of technological advance in the next decade. The integration of information technology, biotechnology, materials sciences, and nanotechnology will generate a dramatic … Continue reading


Elon Musk makes the case that Tesla is a battery company first, and a carmaker second

No wheels on this Tesla.(AP Photo/Ringo H.W. Chiu) Written by Adam Pasick Tesla has started selling batteries that don’t have an expensive car attached. And CEO Elon Musk—the billionaire entrepreneur often compared to a superhero or a Bond villain—described a scenario in which … Continue reading


Australian Stock Market Direction

The failure of the ASX SP200 to make new all time highs at 6851.5 whilst US stocks are at all time highs is highlighting problems for the Australian economy and may even be the ‘canary in the coalmine’ for all … Continue reading


Japan Shocked To Find Abenomics Is Destroying Its Middle Class

Zerohedge reports: In central planner “mission accomplished” news, the wealth divide in Japan is growing under Abenomics and middle class citizens are at risk of falling into poverty, The Japan Times says. Despite nightly sound bites from Kuroda, Aso, and … Continue reading


Six Game Changers in Six Years

In no set order: Solar costs are set to drop with new technologies and manufacturing techniques. This will  impact on the energy industry with relief of burden on coal, oil and gas sources of energy and their resultant impact on … Continue reading


And here’s more on the power of Blockchain

Jim Epstein writes for Reason Magazine: Here Comes Ethereum, an Information Technology Dreamed Up By a Wunderkind 19-Year-Old That Could One Day Transform Law, Finance, and Civil Society Photo by Duncan Rawlinson, Flickr, Creative Commons License. Ethereum, the brainchild of … Continue reading


Financial Markets Updates

Updating and revising our financial markets forecasts (here and on our Financial Markets Predictions page): US Stock Markets As per our 3/23 update, US stocks peaked just 5 days later and has since entered a series of lower lows punctuated … Continue reading