COMMENT #1: Thank you for your private blog. I can see that the turning points laid out in Socrates are indeed pressure points that then cause people to react as Trump just did. You were right. The 7th held. These people get hysterical and blab out forecasts on emotions, as you said.
Thank you for the training.
WY
COMMENT #2: My Dear Mr. Armstrong much can be said and argue about these Tariffs you can write endless post about it but the bottom line is Trump and his advisors choose the WORST time in history ?to implement them -is like all hell broke loose !
Regular working class will pay the price already here in Ontario company are starting to fired people blaming guess who ? Unfortunately that how the game is play somebody has to be blame
You must be very busy ,but don’t neglect your well being please !
GR
REPLY: You are correct. We are all human and will respond to similar events in the same way and in the same amount of time, regardless of the country. The computer gave us the timing months in advance. The “fundamental” does not matter. My concern is that we are heading into a recession that started May 7th, 2024. I agree that the Democrats and media will blame Trump and his tariffs when this is part of the business cycle that will move into 2028. We are facing a sovereign debt crisis that will wipe out all debt by 2034.
However, we are facing significant economic stress that pushes the Europeans to seek an external distraction, and that is Russia, to avoid dealing with the crumbling EU structure. They stripped Hungary of a right to vote and changed the rules that unanimous votes were necessary. Once you establish a centralized government, they will always see more and more power. This is also why no government has ever survived long-term.
Thrasymachus warned that JUSTICE is the same in every form of government – it is only the will of those in power. He said that more than 2000 years ago, and nothing has changed ever since. It is never a question of IF something will occur; it is merely a question of TIME – WHEN it will unfold. It is not a question of whether a society will rise against its oppressor; it is only a question of how much time it will require to move the majority of people to action. This is the same formula that governs when a market will crash. You may be able to raise your arm, but you cannot keep it up. You will run out of energy. So will markets or politics.
As I explained on the private blog, you can raise your arm but not keep it there. You will run out of energy, and it will become so heavy that you have to let it down. Markets are no different. As the white rabbit in Alice in Wonderland kept saying, “I’m late. I’m late.”
It is the last frontier – It’s Just Time.
As Margaret Thatcher said at our World Economic Conference
