If you wish to do meaningful economic analysis you need to start with meaningful numbers. If you are starting your analysis with so called "GDP" measured in "fiat" by, uh, agencies.. well.. you got nothing to go on. Bullshit from the start.
http://armstrongeconomics.com/2014/12/02/25432/
Quote from: Martin Armstrong
This forecast is based upon our proprietary index 1900=Par. The reason is simple. In 1985 the Euro did not exist. Therefore, how they patched that index we have not looked at carefully. It may exceed the 1985 high depending on its mix. In our index, it extends back much further and is far more comprehensive. You can see that the 1985 high is no longer a spike isolated high. We are flattening out the pattern and this warns of a rally. We are just the prettiest of the three ugly sisters – Japan – Europe – USA. On their index, the low was 1992 compared to ours was 1995 which was the high in the yen against the dollar prior to this deflationary rally in recent years. The 1995 low was a retest of the highs of the Great Depression. This is the same general testing pattern we should see in gold – the retest of the 1980 high of $875.
Hashman, Armstrong is legit. He had even people collecting data from the archives of newspapers around the world, he spent $10 million in the 1970s to collect ancient silver coins so he could build the only detailed accurate chart of silver money of the Western Roman Empire. He claims he has spent over $1 billion (inflation adjusted) on data for his machine learning model of the global economy. The machine decided that international capital flows are what drives the economic shifts of the nations.
Considering how accurate his model as been (predicting events to the day, decades in advance), I believe him. You have no clue, until you dig. Read the entire Mad Max thread and bring yourself up to speed. Or don't. I don't care.
