Quote from: pinky on July 26, 2015, 10:28:11 AM

Quote from: Zarathustra on July 26, 2015, 08:55:05 AM

Quote from: pinky on July 26, 2015, 08:20:45 AM

Quote from: Zarathustra on July 26, 2015, 07:43:27 AM

Armstrong will be wrong again. Nothing special will happen Oct 2015.

Even Armstrong said this. Don't expect some market to crash on that day, but it will be important turning point that indicates years of misery ahead (countries going bankrupt, companies going bankrupt, more civil unrests, wars, migrations, viruses).

Not really. Only a little bit of misery ahead; and then, acccording to his model: Roaring Twenties reloaded:

http://i1.wp.com/armstrongeconomics.com/wp-content/uploads/2012/08/ecconf-maa-clr.jpg?resize=584%2C449

Well I guess it depends where you live, since every country/region has it's own cycle. There are multiple cycles that converge this time and it will be scary.

For example look at the Middle East & North Africa - total chaos and destruction in the past years. They are effectively in the Dark Ages and will stay there for decades.

Then you can look at EU where around 50% of the economy is governments spending (debt + taxation). Debt in most EURO countries is at 100% of GDP or more. Taxation is very high - in some countries 50% of you paycheck goes directly to your government + VAT is at 20-30%. Can you imagine how even small economic downturn can tear apart thin social justice bullshit when you are starving or cannot pay your bills. Remember that EURO countries cannot manage their level of debts via inflation as they used to do with their own currencies.

EURO countries as a whole have not as much government debt and deficit as Japan and the US. Current account looks also much better than in the US.