November 2025

Belgium abolished mandatory military service in 1995, operating with an all-volunteer military force. The defense department has been keenly interested in recruiting young men to join since it became apparent that Belgium would become involved in the Russia-Ukraine-NATO war. Defense Minister Theo Francken issued a message on X: “All 17-year-olds in the country are encouraged […]

Texas is open for business—permanently—as the state solidifies business-friendly measures in its constitution. Texas is signaling to businesses and institutions that it is safe to relocate, as the state will not be vulnerable to massive political regulatory shifts. The Texas Stock Exchange (TXSE) is poised to open in Dallas next year. Y’all Street has been

President Donald Trump has proposed a $2,000 tariff “dividend” to every American. Reminiscent of the stimulus checks provided during COVID-19, the payment comes at a time of low public confidence in government and government policy. Tariffs generated $151 billion between April and October, according to the Committee for a Responsible Federal Budget. Treasury Secretary Scott

QUESTION: Mr. Armstrong, I am new to your site. I have a question. I understand you are a trader, not an academic. That is the only reason I do read you. Why are academics incapable of ever forecasting the economy? DL  Larry Summers Opinion _ Preparing for the next recession – The Washington Post ANSWER:

The next report is now in the portal for those attending the WEC November 21-23 in Orlando. This is going over the various aspects of the model and it deals with the post-2032 period as well as between here and there. I put a lot of work into this report to deal with the big

QUESTION: Do you see the world coming to the brink of nuclear war or the collapse of governments? How do we survive? LQ ANSWER: We are headed into a major change politically on a global perspective. That is NOT the end of the world. This is an opportunity for us to reset government and let

ASIA: The major Asian stock markets had a green day today: • NIKKEI 225 increased 635.39 points or 1.26% to 50,911.76 • Shanghai increased 21.042 points or 0.53% to 4,018.597 • Hang Seng increased 407.23 points or 1.55% to 26,649.06 • ASX 200 increased 66.20 points or 0.75% to 8,835.90 • SENSEX increased 319.07 points

The US workforce saw a brief bump in hiring this October, coupled with a steep rise in firings. The Bureau of Labor Statistics will likely not publish job data again this year due to the government shutdown. The Federal Reserve’s preferred gauge of the US workforce is unavailable, but what we do have is independent

American household debt has reached a new all-time high after rising by $197 billion in Q3 to $18.59 trillion. American consumers, the breadbasket of the national economy, are overleveraged. The economy is less likely to absorb shocks from trade disruptions or shifting interest rates. Two-thirds of US GDP is based on consumer spending. Trade was

https://www.armstrongeconomics.com/wp-content/uploads/2025/11/Iran-Valerian-Statue.mp4   I have written about how in 260AD, Emperor Valerian (253-260AD) led the Roman army against the Sassanian Persian Empire, ruled by King Shapur I. At the Battle of Edessa, the Roman army was decisively defeated, and Valerian was taken prisoner. This was an unprecedented and catastrophic event—a Roman Emperor had been captured alive