The only people who have gone full tinfoil hat are the ones who overlook the fact that Armstrong CONVENIENTLY leaves out the possibility of a new overnight Bretton Woods revaluation occurring when it's actually the #1 most plausible thing since it has precedent.  Where do "capital flows" fit into that equation of a non-aggregate market black swan revaluation?  Answer:  They don't.

Bankers start wars and do black swan revals to make everything happen on their terms.  They don't let market play out organically ever, which is why Armstrong data is useless.  You can only be one of two things:  an outsider or insider.  Which means Armstrong is either an outsider giving us bogus information or an insider giving us bogus information.

TLDR:

Data analysis of a rigged, non-aggregate market is useless