I am not slandering the guy. I am certainly not in any position to be doing that. I am simply putting my opinion out there for discussion and to see what comes back. I understand what he is referring to when it comes to time and price. In the example I gave it was simply Euro vs USD, nothing more complicated. Admittedly, his timing wasn't definite but it was pretty clear that he expected it to breakdown soon, certainly not years later, as he has now adjusted it to. TIME and PRICE. This what I am talking about. This is all about preserving your wealth and hopefully making some significant gains. I am openly questioning how much faith should be put into some of his blog predictions because that is all we have to go on at this point. I will remain in a somewhat skeptical, defensive position for now but open to change my view. You obviously have a different point of view when it comes to this. Fair enough.
Fred
Topic: Martin Armstrong Discussion - page 293. (Read 647062 times)
...but when a clear prediction is made (even if it is for free on the blog)...
How many times has he stated TIME and PRICE are orthogonal. He has never given a clear short-term trading prediction in the blog. He has always stated that the long-term is much easier to predict than the short-term.
Trading is noisy. It is also dependent on each trader's diversification (trading is never absolute to one trade!). He does offer a platform to enter your entire personalized portfolio that he claims will improve your personalized odds, but it is not free and it is not applicable to everyone in a broadcast format of a blog since everyone is not a personalized analysis. I have no idea how it performs and neither does anyone writing here.
Also remember MA's analysis is relative to international value, not the nominal domestic value, e.g. real estate prices in dollars are not his real estate model. He had a post on that recently that showed real estate would bounce from 2007 to 2012 before resuming the decline, but again that is international valuation not domestic.
Please before you slander someone, at least understand what he has written.
Hi StOat
Sure I have considered that but when a clear prediction is made (even if it is for free on the blog) I expect that MA's intent is not to try to deceive readers. If that were the case then that would make him simply dishonest and I very much doubt that he is. One example would be what he wrote almost a year ago regarding the imminent demise of the Euro suggesting it would likely soon be heading into free fall. I believe he is right long term but shorter term he wasn't right. In fact, he recently blogged that the Euro was doomed in the future but that it wasn't ready to fall yet and then quoted the old saying, something along the lines of "rumors of my demise have been greatly exaggerated". In other words it ain't likely to happen very soon. I just want to see things as they really are and not as I hope they will be (MA predictions, not the Euros demise). So far I haven't seen a consistent enough track record from him regarding shorter term predictions and that is really what the Trader service, he will soon be offering, is mostly about. I really hope that the reservations I hold will be proven wrong. Again, proof is in the pudding and at this point the pudding doesn't taste quite right to me.
Fred
Sure I have considered that but when a clear prediction is made (even if it is for free on the blog) I expect that MA's intent is not to try to deceive readers. If that were the case then that would make him simply dishonest and I very much doubt that he is. One example would be what he wrote almost a year ago regarding the imminent demise of the Euro suggesting it would likely soon be heading into free fall. I believe he is right long term but shorter term he wasn't right. In fact, he recently blogged that the Euro was doomed in the future but that it wasn't ready to fall yet and then quoted the old saying, something along the lines of "rumors of my demise have been greatly exaggerated". In other words it ain't likely to happen very soon. I just want to see things as they really are and not as I hope they will be (MA predictions, not the Euros demise). So far I haven't seen a consistent enough track record from him regarding shorter term predictions and that is really what the Trader service, he will soon be offering, is mostly about. I really hope that the reservations I hold will be proven wrong. Again, proof is in the pudding and at this point the pudding doesn't taste quite right to me.
Fred
Fred have you ever considered that giving away (short-term) trading information for free makes the information worthless. I let you figure out why. Consider it a homework assignment. And it isn't the obviously incorrect reason that everyone will try to make the same trade. The reason is more subtle than that. A hint is that, "is every trade a winner for everyone" (a universe with an entropy of 0).
The Bible says, "Don't throw your pearls at swine".
The Bible says, "Don't throw your pearls at swine".
AltcoinUK:
Obviously not a charity, but he has stated many times that he was doing this strictly as a "service" to others and doesn't need money since he can play markets so easily and successfully. I was being a bit of a smart ass when I said that (philanthropic). What I was talking about was more to point out what I see as another inconsistency. He makes many short and short-medium term predictions and then often, somewhat subtly, makes significant revisions to those predictions. I think his long term views make a lot of sense and I believe that he probably is one of the best LT forecasters out there. I am going to purchase the trader service but I will probably hang back a little bit to see how things are working out before I risk too much of my money. If the service is able to live up to the hype then the price paid for it will be the bargain of the century. Proof is in the pudding.
Fred
Obviously not a charity, but he has stated many times that he was doing this strictly as a "service" to others and doesn't need money since he can play markets so easily and successfully. I was being a bit of a smart ass when I said that (philanthropic). What I was talking about was more to point out what I see as another inconsistency. He makes many short and short-medium term predictions and then often, somewhat subtly, makes significant revisions to those predictions. I think his long term views make a lot of sense and I believe that he probably is one of the best LT forecasters out there. I am going to purchase the trader service but I will probably hang back a little bit to see how things are working out before I risk too much of my money. If the service is able to live up to the hype then the price paid for it will be the bargain of the century. Proof is in the pudding.
Fred
Interesting post and is MA advertising for programmers?
http://www.armstrongeconomics.com/archives/42663
http://www.armstrongeconomics.com/archives/42663
He asks for OOP experience. OOP (subclassing) is an anti-pattern and will create brittle, non-composition, non-extensible code. I could give you a link to a detailed explanation, but I do not feel like digging for it.
So when I saw that, I realize MA is not as highly knowledgeable of a programmer as he thinks he is. A programmer not using or at least acknowledging the superiority of functional programming is lacking complete knowledge of the research in type theory and on Wadler's Expression Problem.
Zika virus is a poor pandemic candidate. Its a potential nightmare for women in some areas who are planning to conceive but in everyone else it appears to mostly cause a self limited infection. It is a blood born pathogen that requires mosquitoes to spread.
The bubonic plague was a bacterial infection spread by fleas and rats.
The developing world can't avoid mosquitos, because their bamboo or wooden homes have cracks in the walls.
A global pandemic would wreck India and China. They wouldn't be bouncing back in 2020 if that happened...
If it preyed on the elderly as some variants of Influenza appear to do, then it might help solve China's impending age demographics imbalance.
I was asked to offer my thoughts on Martin Armstrong’s latest writings regarding a plague occurring by 2019. He also commented on the Zika virus.
http://www.armstrongeconomics.com/archives/42597
Anonymint and I have previously debated if it is possible to accurately predict something like a pandemic.
Most pandemics occur when a pathogen jumps a species barrier to a new host (humans) that are not adapted to it. Such a process should be random and follow a Poisson distribution. The expected time between pandemics should therefore follow an exponential distribution. I am skeptical of the validity of a cyclical model predicting a definitive pandemic date.
It is not likely random because I explained how it was likely man's economy that caused the Black Death, because of the overconcentration of fleas and squalor in proximity to humans, because over the overpopulation meant less than a subsistence wage for agriculture meant the Industrial Age did not occur yet meant that squalor was worse
,,,
Have you looked at the overcrowded, inhumane way we farm raise poultry and other farm animals?
I agree that that economic collapse and overpopulation could lead to worsening squalor increased contact with infected animals and increased chance of a pathogen jumping the species barrier. If economic collapse and downturns occurred cyclically that could introduce a cyclic increase in jump probability and the Poisson distribution would not hold.
However, all that would mean is that there would be times of increased risk of a pandemic and times of lesser risk. A higher probability is no guarantee that such a pathogen will jump. The Jump itself would still be a random process. It seems ridiculous to me for anyone to claim there is definitively going to be a pandemic in 2018. The only way to know that with certainly would be if you were the one introducing the pandemic.
I don’t have a lot to add to what I wrote previously. Armstrong is of course correct that we are slowly losing the arms race against antibiotic resistant bacteria primarily due to antibiotic overuse, but we have not yet lost that battle. A viral outbreaks like the 1918 influenza like the influenza pandemic of 1918 which was highly infectious, spread through the air via small droplets and killed somewhere between 20 to 100 million people worldwide out of a population of 1.8billion (1%-5% of world population) would be very difficult if not impossible to stop. Our current therapies against viruses are by and large lacking compared to the tool we have to combat bacteria.
Given the rapid growth in world population and the crowded and impoverished condition of much of that population we are fortunate that there has not been a repeat of such a tragedy. I would not be shocked if a severe pandemic occurred soon. However, I also believe it is entirely possible that the next decade will be pandemic free.
Zika virus is a poor pandemic candidate. Its a potential nightmare for women in some areas who are planning to conceive but in everyone else it appears to mostly cause a self limited infection. It is a blood born pathogen that requires mosquitoes to spread.
https://en.wikipedia.org/wiki/Zika_virus
http://www.armstrongeconomics.com/archives/42597
Anonymint and I have previously debated if it is possible to accurately predict something like a pandemic.
Most pandemics occur when a pathogen jumps a species barrier to a new host (humans) that are not adapted to it. Such a process should be random and follow a Poisson distribution. The expected time between pandemics should therefore follow an exponential distribution. I am skeptical of the validity of a cyclical model predicting a definitive pandemic date.
It is not likely random because I explained how it was likely man's economy that caused the Black Death, because of the overconcentration of fleas and squalor in proximity to humans, because over the overpopulation meant less than a subsistence wage for agriculture meant the Industrial Age did not occur yet meant that squalor was worse
,,,
Have you looked at the overcrowded, inhumane way we farm raise poultry and other farm animals?
I agree that that economic collapse and overpopulation could lead to worsening squalor increased contact with infected animals and increased chance of a pathogen jumping the species barrier. If economic collapse and downturns occurred cyclically that could introduce a cyclic increase in jump probability and the Poisson distribution would not hold.
However, all that would mean is that there would be times of increased risk of a pandemic and times of lesser risk. A higher probability is no guarantee that such a pathogen will jump. The Jump itself would still be a random process. It seems ridiculous to me for anyone to claim there is definitively going to be a pandemic in 2018. The only way to know that with certainly would be if you were the one introducing the pandemic.
I don’t have a lot to add to what I wrote previously. Armstrong is of course correct that we are slowly losing the arms race against antibiotic resistant bacteria primarily due to antibiotic overuse, but we have not yet lost that battle. A viral outbreaks like the 1918 influenza like the influenza pandemic of 1918 which was highly infectious, spread through the air via small droplets and killed somewhere between 20 to 100 million people worldwide out of a population of 1.8billion (1%-5% of world population) would be very difficult if not impossible to stop. Our current therapies against viruses are by and large lacking compared to the tool we have to combat bacteria.
Given the rapid growth in world population and the crowded and impoverished condition of much of that population we are fortunate that there has not been a repeat of such a tragedy. I would not be shocked if a severe pandemic occurred soon. However, I also believe it is entirely possible that the next decade will be pandemic free.
Zika virus is a poor pandemic candidate. Its a potential nightmare for women in some areas who are planning to conceive but in everyone else it appears to mostly cause a self limited infection. It is a blood born pathogen that requires mosquitoes to spread.
https://en.wikipedia.org/wiki/Zika_virus
Quote from: wikipedia
Common symptoms of infection with the virus include mild headaches, maculopapular rash, fever, malaise, conjunctivitis, and joint pains. The first well-documented case of Zika virus was described in 1964; it began with a mild headache, and progressed to a maculopapular rash, fever, and back pain. Within two days, the rash started fading, and within three days, the fever resolved and only the rash remained. Thus far, Zika fever has been a relatively mild disease of limited scope, with only one in five persons developing symptoms, with no fatalities.
Looks like MA has raised his trader account price from around $450/500 straight up to $750.
Not saying that it won't be well worth it (jury's out) but things are looking slightly more profit motivated and somewhat less philanthropic.
Fred
Not saying that it won't be well worth it (jury's out) but things are looking slightly more profit motivated and somewhat less philanthropic.
Fred
Armstrong's business isn't a charity nor he is running a philanthropic organisation.
$750.00 is not even the margin for a 10 point DJIA trade. 1 point DJIA requires £70.00-£80.00 margin at my broker, so what possibly could be unreasonable in a $750 per annum investment service?
I am very-very far from the serious traders, even a light year further from the institutional investor client's of Armstrong, but my spread betting trades are often 200 points. What Armstrong charges is only 5% of what small retail traders like me deposit for the margin of one trade. For small retail traders like me his price is affordable and for serious traders his price is a peanut. His target audience is not the usual high school demographics of Bitcointalk. Some of his institutional clients manage a many billion dollars balance sheet portfolio. The $750.00 annual price is symbolic really in the market what he serves.
A global pandemic would wreck India and China. They wouldn't be bouncing back in 2020 if that happened...
Interesting post and is MA advertising for programmers?
http://www.armstrongeconomics.com/archives/42663
http://www.armstrongeconomics.com/archives/42663
cypherpunks?
Interesting post and is MA advertising for programmers?
http://www.armstrongeconomics.com/archives/42663
http://www.armstrongeconomics.com/archives/42663
Can anyone trust this MA when his predictions are always changing 
Appears that MA has changed the predicted top of the dollar and US stock markets to beyond 2017, if the pre-slingshot selloff is confirmed this March. A March panic apparently is his targeted gold low.
http://www.armstrongeconomics.com/archives/42678
http://www.armstrongeconomics.com/archives/41708
So if true, one could envision the possibility of this portending complete dominance of globe finance by the USA with its FATCA and other capital controls moving to increased enforcement mode in 2017. One could envision this exacerbating any collapse of the global economy, thus paving the way for China to lead if it bottoms 2020 as predicted by MA.
MA is predicting that everything that can go wrong will go wrong between 2017 to 2020, including a possible pandemic.
Appears that MA has changed the predicted top of the dollar and US stock markets to beyond 2017, if the pre-slingshot selloff is confirmed this March. A March panic apparently is his targeted gold low.
http://www.armstrongeconomics.com/archives/42678
http://www.armstrongeconomics.com/archives/41708
So if true, one could envision the possibility of this portending complete dominance of globe finance by the USA with its FATCA and other capital controls moving to increased enforcement mode in 2017. One could envision this exacerbating any collapse of the global economy, thus paving the way for China to lead if it bottoms 2020 as predicted by MA.
MA is predicting that everything that can go wrong will go wrong between 2017 to 2020, including a possible pandemic.
Quote from: http://www.armstrongeconomics.com/archives/42199
I have warned that we are entering a period that is summed up best as the Age of Whatever Can Go Wrong, Will Go Wrong.
Looks like MA has raised his trader account price from around $450/500 straight up to $750.
Not saying that it won't be well worth it (jury's out) but things are looking slightly more profit motivated and somewhat less philanthropic.
Fred
Not saying that it won't be well worth it (jury's out) but things are looking slightly more profit motivated and somewhat less philanthropic.
Fred
Doesn't StorJ have a coin on polyonoxious? Aren't they nearing a milestrone.
Again I recently explained why all those decentralized file systems (including MaidSafe and Sia) are technological nonsense, but doesn't seem to the concern of you P&D followers.
Potential problem with XMR is that the coin was too well distributed and absent a premine, thus no one has the means and incentive to P&D it. Monero would seem to instead be a long-term investment (and personally I think a very poor one for the recent reasons I have explained about their UNRELIABLE anonymity having no market).
Rather I would say take your profits from crypto before March and hold dollars because a major contagion is brewing in the markets that is going to wipe out Bitcoin, gold, and all markets except the US dollar and US stocks. The coming interest rate hikes from the Fed will turn up the dial pressure. Note for example OROBTC's comment today that his Peru ball bearing sales have fallen significantly since December. Martin Armstrong's model is coming true as predicted as the periphery collapses and the USA and US dollar will be the last man standing in the global.
When the liquidity dries up in the altcoin market, you can be holding a dead asset.
Again I recently explained why all those decentralized file systems (including MaidSafe and Sia) are technological nonsense, but doesn't seem to the concern of you P&D followers.
Potential problem with XMR is that the coin was too well distributed and absent a premine, thus no one has the means and incentive to P&D it. Monero would seem to instead be a long-term investment (and personally I think a very poor one for the recent reasons I have explained about their UNRELIABLE anonymity having no market).
Rather I would say take your profits from crypto before March and hold dollars because a major contagion is brewing in the markets that is going to wipe out Bitcoin, gold, and all markets except the US dollar and US stocks. The coming interest rate hikes from the Fed will turn up the dial pressure. Note for example OROBTC's comment today that his Peru ball bearing sales have fallen significantly since December. Martin Armstrong's model is coming true as predicted as the periphery collapses and the USA and US dollar will be the last man standing in the global.
When the liquidity dries up in the altcoin market, you can be holding a dead asset.
altcoins look very risky, as there is not mass participation (mass, hah!) in them vs. BTC, and compounding that is even less liquidity than here in Bitcoinistan.
Gold may fall to $800 or whatever (gold price = "paper gold"), but HODLers of gold will not mind (for the most part). I will find the necessary ammo to buy gold should it drop 25% more... I don't care about the short-term fluctuations. BTFD. Gold will do great in the coming hard times.
Yep re our bearing sales in Peru. I am waiting on the data to show me exactly how bad. But spare parts almost always will sell at reasonable levels as it is cheaper to repair axles than buy new cars in places like Peru.
I would agree with Armstrong & TPTB about the US$ for the short to medium term. King Dollar, bitchez. The next interesting question worth exploring would be WHEN and HOW to exit the US$ when our problems finally hit.
And actually, this ^^^ is where Armstrong (and TPTB as well re Asia) offers up interesting IDEAS.
So if we are looking to see when the US dollar will turn, my uneducated 2c worth is to consider:
- will the fed continue to raise (if they do, assume continued appreciation)
- if they are "forced" to stop / reverse ('forward guidance' signalling the wish for a weaker dollar, overt movement ie negative rates, depreciation of overseas markets leading to increased inflows)
- will the market lose confidence with their stewardship?
Another interesting take I read was is an orderly de-dollarisation agenda in motion (where other nations buy up gold to a % of GDP, China is in SDR basket and SDR becomes the new reserve in preparation for the next crisis. In this case national currencies are just that, national) or will it be disorderly (where nations try to destroy the hegemony of the USD or a crisis forces it to happen).
I lean more towards orderly. I think it might be managed between allies, exemplified by the timing of the CB easing merry go round. The weaker, non-allies have an uphill battle.
Good point re: ideas
...
A pair of gems from Armstrong today:
"Clinton Speaking Fees Since 2001 Total $125 Million"
http://www.armstrongeconomics.com/archives/42551
A quote:
"However, the total amount Clinton received in speaking fees since 2001 has reached $125 million. It seems to be a fair issue that she should release the transcripts of those speeches so you can see how she kisses the asses of the bankers behind closed doors and then pretends she will be independent as president."
Wow, $125 million..........
* * *
"The Calais Refugee Camp Known as the Jungle"
http://www.armstrongeconomics.com/archives/42588
Ugh for Europe...
A pair of gems from Armstrong today:
"Clinton Speaking Fees Since 2001 Total $125 Million"
http://www.armstrongeconomics.com/archives/42551
A quote:
"However, the total amount Clinton received in speaking fees since 2001 has reached $125 million. It seems to be a fair issue that she should release the transcripts of those speeches so you can see how she kisses the asses of the bankers behind closed doors and then pretends she will be independent as president."
Wow, $125 million..........
* * *
"The Calais Refugee Camp Known as the Jungle"
http://www.armstrongeconomics.com/archives/42588
Ugh for Europe...
TPTB_need_war was banned for 3 days for writing in big red letters that "Ethereum is broken and can't be fixed" and proceeded to defend this point factually.
And so the mods have now demonstrated they are involved in the pump of Ethereum.
So much for the objectivity of this forum.
And so the mods have now demonstrated they are involved in the pump of Ethereum.
So much for the objectivity of this forum.
Yeah, many jumped on the ETH wagon and I guess irrationality (pump) is the only way to unload.
http://qntra.net/2015/09/buterins-waterfall-nearly-spent/
Doesn't StorJ have a coin on polyonoxious? Aren't they nearing a milestrone.
Again I recently explained why all those decentralized file systems (including MaidSafe and Sia) are technological nonsense, but doesn't seem to the concern of you P&D followers.
Potential problem with XMR is that the coin was too well distributed and absent a premine, thus no one has the means and incentive to P&D it. Monero would seem to instead be a long-term investment (and personally I think a very poor one for the recent reasons I have explained about their UNRELIABLE anonymity having no market).
Rather I would say take your profits from crypto before March and hold dollars because a major contagion is brewing in the markets that is going to wipe out Bitcoin, gold, and all markets except the US dollar and US stocks. The coming interest rate hikes from the Fed will turn up the dial pressure. Note for example OROBTC's comment today that his Peru ball bearing sales have fallen significantly since December. Martin Armstrong's model is coming true as predicted as the periphery collapses and the USA and US dollar will be the last man standing in the global.
When the liquidity dries up in the altcoin market, you can be holding a dead asset.
Again I recently explained why all those decentralized file systems (including MaidSafe and Sia) are technological nonsense, but doesn't seem to the concern of you P&D followers.
Potential problem with XMR is that the coin was too well distributed and absent a premine, thus no one has the means and incentive to P&D it. Monero would seem to instead be a long-term investment (and personally I think a very poor one for the recent reasons I have explained about their UNRELIABLE anonymity having no market).
Rather I would say take your profits from crypto before March and hold dollars because a major contagion is brewing in the markets that is going to wipe out Bitcoin, gold, and all markets except the US dollar and US stocks. The coming interest rate hikes from the Fed will turn up the dial pressure. Note for example OROBTC's comment today that his Peru ball bearing sales have fallen significantly since December. Martin Armstrong's model is coming true as predicted as the periphery collapses and the USA and US dollar will be the last man standing in the global.
When the liquidity dries up in the altcoin market, you can be holding a dead asset.
altcoins look very risky, as there is not mass participation (mass, hah!) in them vs. BTC, and compounding that is even less liquidity than here in Bitcoinistan.
Gold may fall to $800 or whatever (gold price = "paper gold"), but HODLers of gold will not mind (for the most part). I will find the necessary ammo to buy gold should it drop 25% more... I don't care about the short-term fluctuations. BTFD. Gold will do great in the coming hard times.
Yep re our bearing sales in Peru. I am waiting on the data to show me exactly how bad. But spare parts almost always will sell at reasonable levels as it is cheaper to repair axles than buy new cars in places like Peru.
I would agree with Armstrong & TPTB about the US$ for the short to medium term. King Dollar, bitchez. The next interesting question worth exploring would be WHEN and HOW to exit the US$ when our problems finally hit.
And actually, this ^^^ is where Armstrong (and TPTB as well re Asia) offers up interesting IDEAS.
Doesn't StorJ have a coin on polyonoxious? Aren't they nearing a milestrone.
Again I recently explained why all those decentralized file systems (including MaidSafe and Sia) are technological nonsense, but doesn't seem to the concern of you P&D followers.
Potential problem with XMR is that the coin was too well distributed and absent a premine, thus no one has the means and incentive to P&D it. Monero would seem to instead be a long-term investment (and personally I think a very poor one for the recent reasons I have explained about their UNRELIABLE anonymity having no market).
Rather I would say take your profits from crypto before March and hold dollars because a major contagion is brewing in the markets that is going to wipe out Bitcoin, gold, and all markets except the US dollar and US stocks. The coming interest rate hikes from the Fed will turn up the dial pressure. Note for example OROBTC's comment today that his Peru ball bearing sales have fallen significantly since December. Martin Armstrong's model is coming true as predicted as the periphery collapses and the USA and US dollar will be the last man standing in the global economy.
When the liquidity dries up in the altcoin market, you can be holding a dead asset.
Again I recently explained why all those decentralized file systems (including MaidSafe and Sia) are technological nonsense, but doesn't seem to the concern of you P&D followers.
Potential problem with XMR is that the coin was too well distributed and absent a premine, thus no one has the means and incentive to P&D it. Monero would seem to instead be a long-term investment (and personally I think a very poor one for the recent reasons I have explained about their UNRELIABLE anonymity having no market).
Rather I would say take your profits from crypto before March and hold dollars because a major contagion is brewing in the markets that is going to wipe out Bitcoin, gold, and all markets except the US dollar and US stocks. The coming interest rate hikes from the Fed will turn up the dial pressure. Note for example OROBTC's comment today that his Peru ball bearing sales have fallen significantly since December. Martin Armstrong's model is coming true as predicted as the periphery collapses and the USA and US dollar will be the last man standing in the global economy.
It does look like we have a very rocky road ahead re the financial markets. China announced that their steel companies will be firing some 400,000 employees. I have never accepted as fact that the BRICS were anything for the USA to worry about. (We have are own problems to worry about)
China does look to be leading the world into hard times.
The Baltic Dry Index is down again.
Our sales of bearings are Peru are down HARD in the past several weeks.
Europe seems to be drowning in a sea of Muslims, and they don't seem capable (now anyway) of doing anything about it...
China does look to be leading the world into hard times.
The Baltic Dry Index is down again.
Our sales of bearings are Peru are down HARD in the past several weeks.
Europe seems to be drowning in a sea of Muslims, and they don't seem capable (now anyway) of doing anything about it...
When the liquidity dries up in the altcoin market, you can be holding a dead asset.
What I don't understand about pump and dumps is where is the money coming from? It made sense when new people were entering crypto in droves but the last six months pump and dump have turned into mostly just dumps.
It can be mostly fake volume with the insiders buying from themselves.
And they can then use that to sell off more of their premines to greater fools who think the pump is real volume.
For me it indicates the insiders are getting out and dumping it on the greater fools. Just don't be the last man out the door when the stampede (waterfall collapse) dump starts.
Remember the market caps for altcoins are lies. There isn't that amount of capital invested in them. These are just pumped prices by insiders buying from themselves. Much easier to do that when you control the float from a deceitful premine as is the case with Dash and Ethereum (buying the ICO from themselves).
It does look like we have a very rocky road ahead re the financial markets. China announced that their steel companies will be firing some 400,000 employees. I have never accepted as fact that the BRICS were anything for the USA to worry about. (We have are own problems to worry about)
China does look to be leading the world into hard times.
The Baltic Dry Index is down again.
Our sales of bearings are Peru are down HARD in the past several weeks.
Europe seems to be drowning in a sea of Muslims, and they don't seem capable (now anyway) of doing anything about it...
China does look to be leading the world into hard times.
The Baltic Dry Index is down again.
Our sales of bearings are Peru are down HARD in the past several weeks.
Europe seems to be drowning in a sea of Muslims, and they don't seem capable (now anyway) of doing anything about it...
All of which Armstrong predicted. 2020 is the low for China, but then it will rise up while the West continues to fall into the abyss, because the developing world doesn't have the socialism problem that the West has. Simple as that. China and developing world can write off the debt and renew. The West can't because the youth and all the people are addicted to socialism. It will require a lot of pain and decades for the West to reculture itself. China's write down will be a short-term decline only. Armstrong has explained this clearly so many, many times.
Armstrong predicted in 2014 everything happening in Europe now.
Yes OROBTC, I told you long ago (based on Armstrong's models) to expect a big decline in your developing country markets from 2015.75 to 2020. After that, it will rise again and by 2032 according to Armstrong's model, China will be the new financial capital of the world.
You should also refer to my recent epiphany on the future of the Knowledge Age, since the developing world will have more Knowledge Age producers and creative youth. Peru is your future. The United States not (will peak and head down 2017.9 and won't bottom until perhaps 2024 and that will only be temporary bottom with more downside coming after 2028). Near-term until 2017.9, the USA and the dollar will be the strongest.
See how much pent-up potential can be unleashed in China as the power of technology removes the silly barriers in China:
http://asia.nikkei.com/Life-Arts/Life/Chinese-parents-split-up-for-the-kids
...
TPTB and fredhead
Obviously I can only speak for myself, as I know NO ONE (personally) here at bitcointalk. Armstrong is only one of many that I follow. Nor do I pay for any trading newsletters, etc.
Nor do I trade, I think TPTB already knows that. For perspective, almost every time I took a speculative punt, I lost all or most of my "investments".
Apparently hardly anyone can successfully predict the future. How can anyone expect Armstrong to have a record that is way better than the market? It could be, if so, then anyone looking to speculate along his lines is clearly worth the money for his paid subscriptions. And if Armstrong DOES make good predictions (for his subscribers), then bully for him.
* * *
It does look like we have a very rocky road ahead re the financial markets. China announced that their steel companies will be firing some 400,000 employees. I have never accepted as fact that the BRICS were anything for the USA to worry about. (We have are own problems to worry about)
China does look to be leading the world into hard times.
The Baltic Dry Index is down again.
Our sales of bearings are Peru are down HARD in the past several weeks.
Europe seems to be drowning in a sea of Muslims, and they don't seem capable (now anyway) of doing anything about it...
TPTB and fredhead
Obviously I can only speak for myself, as I know NO ONE (personally) here at bitcointalk. Armstrong is only one of many that I follow. Nor do I pay for any trading newsletters, etc.
Nor do I trade, I think TPTB already knows that. For perspective, almost every time I took a speculative punt, I lost all or most of my "investments".
Apparently hardly anyone can successfully predict the future. How can anyone expect Armstrong to have a record that is way better than the market? It could be, if so, then anyone looking to speculate along his lines is clearly worth the money for his paid subscriptions. And if Armstrong DOES make good predictions (for his subscribers), then bully for him.
* * *
It does look like we have a very rocky road ahead re the financial markets. China announced that their steel companies will be firing some 400,000 employees. I have never accepted as fact that the BRICS were anything for the USA to worry about. (We have are own problems to worry about)
China does look to be leading the world into hard times.
The Baltic Dry Index is down again.
Our sales of bearings are Peru are down HARD in the past several weeks.
Europe seems to be drowning in a sea of Muslims, and they don't seem capable (now anyway) of doing anything about it...
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