Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
r0ach
on 29/06/2017, 21:41:20 UTC
with cons and charlatans like Martin Armstrong you always get something like "asset X will go up or down or stay flat". Yet somehow even with such predictions he always ends up being wrong.

I find it rather ironic he claims to have a miracle computer to predict the future but is unable to predict anything about bitcoin at all.  Oh, you need years of history to try and create an algo that will function correctly when backtested against the data?  Well, what good is that?  We don't live in a static universe with fixed variables and the same currency "flowing" around back and forth to the same fixed variables over and over.  

It's not like JP Morgan hasn't made a bad trade in years because they have miracle algos either, it's because the banks run the damn govt in a non-aggregate market where they can front run everything that happens in that market...which is controlled by...themselves.  Just a plain old algo, which is all that Armstrong uses, are notoriously bad against black swan events too, which he cannot predict.  Black swans aren't based on capital flows, they're based on random things like the dust bowl occurring from bad farming practices.