MA never made such a prediction. I have explained this to you upthread yet you continue trolling the thread with lies.
It’s really funny how you defend your stupidity by doing the same over and over again hoping to get a different result. By repeating the same bs, facts are not going to change, ok? I explained that to you several times already: bring factual evidence that support your claims, otherwise they are just what they are – empty claims.
Again:1. Here on March 2011
http://s3.amazonaws.com/armstrongeconomics-wp/2011/03/armstrongeconomics-how-when-030111.pdf MA clearly says gold to go to 5K-12K by 2015\2016. Of course, his prediction fails and he then simply flip-flopped on gold. Do finally read this report or since you proved that you are not able to, get someone to read it to you and explain it to you.
2. Here in September 2011
http://www.bloomberg.com/news/articles/2011-09-28/felon-forecaster-blogs-on-8-6-year-economic-cycles-after-11-years-in-jail MA predicts the U.S. dollar collapse. Same result: failed prediction --> flip-flop.
3.
Take-off in gold in 2013 into 2016, gold at 650-910 coming soon, 907 in two weeks, etc. MA clearly failed on gold as usual.
4.
How many times do we have to go through this? As with everything else, as we have seen above, you are not able to get things from the first/second/third time. Ok, let’s do it again.
That real estate picture that MA claims to have drawn in 1979 uses the Case-Shiller home price index. Back then there was nothing like “internationally inflation adjusted value“ and nowhere was it mentioned by MA or anybody. He started to exploit this trick relatively recently when it became obvious that he failed yet another of his numerous predictions so he had to cover his ass by making it up. Interestingly, he uses that IIM trick on real estate because, as he argues, real estate attracts global money but at the same time he does not use IIM when he makes predictions on the Dow, Gold, Nikkei and so on (which also attract global capital).
Now, if you compare the index and the picture, you’ll easily find out that they do not match (put it mildly). First, the index had been rising without any drop up until 2006 (the MA’s graph predicted drops after every 8.6 years). Second, the absolute high according to MA should have been reached in 2007.15, but in reality the S&P Case-Shiller topped in 2006
https://research.stlouisfed.org/fred2/series/CSUSHPINSA,
http://www.spindices.com/index-family/real-estate/sp-case-shiller, and the original Case-Shiller topped in 2005
http://www.econ.yale.edu/~shiller/data.htmThird, the index significantly recovered and keeps rising, contrary to what MA predicted.
Here is another dirty trick that MA used. When real estate picked he did not say anything. Only after the crisis hit and real estate plunged he came out and claimed that he’d predicted the top. Not only that, he claimed that he predicted the top to the day referencing to (wait!) the S&P Reit index. Again, there was nothing about “internationally inflation adjusted value“ or any of such bs. But wait, there’s more. The S&P Reit includes not only home RE, but everything else such as residential, office, health-care, hotels, etc. In other words, from very beginning he used the Case-Shiller (only home RE). Then when it didn’t work out, he switched to the S&P Reit which tracks all RE, and now he switches again by bs people with a new trick called “internationally inflation adjusted value“.
He clearly failed miserably on RE.
5.
and the list goes on...
So, not just 1%-10% wrong but wrong big time. Also, he missed the recent commodity collapse and particularly oil.
He likes to constantly bs people about how everything is connected, all asset prices are interlinked, etc. If that’s the case, then you can’t simply miss such a big move in oil price. Especially if you do have a computer model (as he claims) that tracks everything for you. Yet he missed it completely. He never warned about upcoming collapse. If fact, he predicted the opposite, right at the YTD peak
http://www.armstrongeconomics.com/archives/22328 (“It is poised to rally into 2017 and it appears this is lining up with our war models”). Wars are all over the place yet oil went down sharply. Even when the price declined substantially, he kept ignoring it. He only start mentioning oil when it came to 70.
Nevertheless, let me once again show everybody how stupid you are. Here
http://www.armstrongeconomics.com/archives/22328 already after the YTD-peak he said oil would rise into 2017 (the opposite to what happened). This proves beyond all doubts MA
did not predict the collapse. Here in September when oil was at 90 he still did not see the upcoming collapse
http://www.armstrongeconomics.com/archives/23450 and even thought it might have been a plot against Russia. Here in November, oil at 80, he still does not get it
http://www.armstrongeconomics.com/archives/24733. And only here
http://www.armstrongeconomics.com/archives/25545 in December when oil collapsed below 65 he started to acknowledge ”a serious trend change is potentially on the horizon”. Notice, below 65, and not at 100+ as you claim.
MA failed his bullish forecast on oil in 2014, flip-flopped as usual but only after it was clear to everybody that oil was heading down.
6. First it was 32-40K by 2015.75 and of course it failed big time. Then MA shifted the date to 2017 hoping this trick would work out. Of course he failed again. Would anybody except his obtuse clients believe in 40K on the Dow by 2017? No, so he shifted the date again to 2020. When he fails again, he will do what? <-- It’s a rhetorical question.
7.
Further to that, here
http://www.armstrongeconomics.com/models/historical-turning-points-economic-confidence-model-6000bc-2072ad he put thousands of points so naturally something happened on or around some dates. But it clear that in absolute majority of cases nothing happened at all, just like in 2015.75, which MA had been preaching for years as Big Bang. But let me remind you, he predicted
http://www.armstrongeconomics.com/archives/35652 the US government shutdown, government debt collapse and so much else. Of course, nothing of that happened. In fact, nothing happened at all. So in the absence of anything significant, he, in order to cover his ass, used the fact that Putin sent a couple of planes to Syria as the major Big Bang event. What a pathetic charlatan!
Where are the government shutdown, collapse of the bond market and the shift from bonds to equities? The exactly the opposite is happening: stocks are down and bonds are rising globally.
Do continue to buy bs from MA and other charlatans at exorbitant prices for stupidity should be punished.