Quote from: sloanf on June 30, 2017, 07:29:53 AM

Quote from: sidhujag on June 30, 2017, 01:42:20 AM

Quote from: OROBTC on June 29, 2017, 09:51:24 PM

Quote from: r0ach on June 29, 2017, 09:41:20 PM

Quote from: sloanf on June 28, 2017, 07:27:30 AM

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.

I too would like to see better predictions (more specific, more timely, more correct) from Armstrong.

But, that's not really why I started this thread. Armstrong is excellent with his IDEAS and his knowledge of economic history, at least for now I have read no one who illustrates so many themes from the past that DO repeat. Food for thought for me.

However, I am not paying for anything from him. Like r0ach writes, no one can predict the future, what with true Black Swans and all. The only ones who appear to be able to (JP Morgan's perfect trading record, day after day) are because they FRONT-RUN their customers and everyone else. And, apparenlty run most of the country too along with their other Bankster pals.

Ive said 100x not to read into his short term stuff. If he was any good and prophetic at all levels he wouldnt have been selling his crap but instead using the info to trade and make money. His long term data is interesting but only as far as bedtime reading goes. Dont expect it to change your life.

well, he tried with his money and failed, he then tried with somebody else's money and failed, then he went abroad and tried again with Japanese money and failed big time. Then he simply tried to steal the rest of what had left after his bs ecm-model based trades and got caught. After doing years in prison he finally figured out that trading is not his thing. Hence he sells bs reports, subscriptions and conferences, because there is no downside and so many idiots out there like @iamnotback.

There is something about the internet world that has become very popular and that is re-working famous works and claiming them as your own. Most of the internet users are so utterly dum that there is nothing to doing it.