www.armstrongeconomics.com
We have been warning that this turning point was different. Instead of a
crash in private assets, as in 1998.55 or 2007.15 when the
Case-Schiller peaked to the day, this time it was in government. Putin
bombed Syria precisely on the day of the turning point (9/30/2015), but
there were many stocks that bottomed with 9/30/2015.
Economically, Europe is melting down. Draghi has announced he will
increase buying bonds to 33% from 25%. Medicare will explode by 50% in
the USA next year; Social Security looks like a crater from a meteor
crash. Indeed, 2015.75 was a major turning point that was the BEGINNING
of a serious decline into 2020.05. Even politics has gone nuts and the
media is starting to figure out that this is all about throwing the bums
out. This is the start of a very serious new trend and it is time to
wake up. The velocity will begin to pick up with the benchmark targets
in gold.
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