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What do you know about this prognosticator


               
2015 Jan 22, 10:51pm   1,398 views  5 comments

by indigenous   follow (1)  

https://mises.org/library/martin-armstrong-forecaster

Martin Armstrong is one of the most famous economic forecasters alive, but you wouldn’t know it after the whitewashing job he’s suffered at the hands of the federal government and the mainstream financial press. The man who in the 1980s and 90s had central bankers and politicians calling him for advice is now scrubbed from the memory banks of sites like Bloomberg.com. He’s famous—or infamous—for having predicted the October 1987 Black Monday crash to the very day. He also called the Nikkei stock market collapse in 1989 and the Russian financial collapse in 1998. And he hasn’t lost his touch,...

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1   Ceffer   2015 Jan 22, 11:25pm  

You have hundreds of thousands of savants making regular predictions, some of them are going to be "right", even more than once or several times. I doesn't mean anything except the stochastics of guessing with great confidence, regularity and enthusiasm.

Of course, a lot of savants reeling in suckers will CLAIM to have predicted things. Strange, people seldom seem to demand proof that the self styled savants actually DID predict anything beyond the assertion claim that they did so.

Isn't this why finance has the highest percentage of sociopaths of any profession?

2   indigenous   2015 Jan 22, 11:29pm  

This guy has done better than most.

3   Y   2015 Jan 23, 6:11am  

nothing, and I intend to keep it that way.

indigenous says

What do you know about this prognosticator

4   bob2356   2015 Jan 23, 6:18am  

indigenous says

This guy has done better than most.

Wasn't he the one that's still in prison for securities fraud?

5   indigenous   2015 Jan 23, 6:46am  

He did some prison time but IIRC it was for refusing to do something so was put in prison until he would answer. Don't think it was securities fraud. But his record (for prognosticating) is very good, he predicted the Swiss pulling the peg to the Euro, and some other things.

He predicts the SHTF in 2017, which is mark against him as that is what the Wogster says as well. But other than that...

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