COMMENT: Mr. Armstrong, I discover it incorrigible that everybody now claims recession after they have by no means predicted a recession earlier than. That was clear from the video you had of Larry Summers, who admitted no person may do this. It is vitally unusual how you’re the solely one who has ever forecast recessions and new highs in markets when everybody was referred to as the other. Even in August, you had these folks clamoring for an emergency fee minimize when you mentioned it was a three-day plunge and a brand new excessive would observe.
I appeared again, and even in your April 25, 2024 submit, you mentioned a recession would observe the ECM activate Might seventh. No person provides you credit score. All of them copy you. However with out you, they don’t have any forecast. They’re silly, for what you may have carried out is crucial for society. These folks wish to faux they’re one thing they don’t seem to be.
They don’t even perceive what makes a recession unfold.
Thanks a lot. I want folks can be sincere and provide you with credit score, for that’s the solely strategy to hope for what comes after 2032. All they do is plagiarize you.
Peter
REPLY: Sadly, what you’re describing is human nature. We’re a flawed species – tragic in so some ways, like a Greek play. We appear to cling to our expectations of a simply and ethical world when historical past data something however morality. And Thraymachus mainly mentioned JUSTICE is at all times the identical – the self-interest of these in energy – JUST US is the true spelling.
We’ve Europe and South America censuring free speech as a result of the LEFT doesn’t consider in civilization; they solely see their very own self-interest. Their failure in life is attributable to the success of others—by no means themselves. As a species, we appear to consider there’s moral that means behind every little thing after we stay in an unethical and meaningless world that bathes solely in self-interest.
I perceive what you imply. Solely this mannequin has projected booms, busts, and recessions a long time prematurely. We’ve to be taught to stay with the cycle. Pretending you referred to as a recession from a intestine feeling or simply US statistics is a joke. We’re all on this collectively. The US can’t face up to a world recession. That’s the reason I say we’re all linked. When you may have the Neocons threatening conflict on 4 fronts, China, Korea, Russia, and Iran, the long run is coloured with uncertainty. That ends in the contraction of spending.
Then, inflation is about in movement by shortages and tax will increase. Throw in Kamala’s taxation of unrealized features and make it solely the billionaires. They’re then pressured to see inventory to pay the tax, and also you create the largest crash in historical past that wipes out folks’s pensions. NOTHING takes place in isolation. NEVER do the Democrats ever as soon as query their spending. They’re Marxists and should continuously promise extra, by no means much less, and that necessitates countless tax will increase that at all times scale back GDP.
