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Martin Armstrong is a financial, well, forecaster might be the right term, who has written extensively on historical patterns of economics.
He has a checkered past (I know that he went to jail for contempt of court, but what I have read it seems that was an injustice), but there is no doubt that he has introduced new concepts for us to read and analyze. While in jail, he produced a number of interesting papers looking at asset prices through history, including from ANCIENT history. He is one of the few who looks at cyclicality (time patterns) as well as a MACRO view of the markets (that is, he does not look at the price of gold alone, he looks at everything else too -- with a supercomputer).
He is now out of jail and has set-up shop as a macro-consulting company. On most days (including today, Saturday) he publishes a few easy-to-digest items looking at various issues of the day. His blog:
http://armstrongeconomics.com/armstrong_economics_blogWhat finally moved me today to start this thread is his post was his very interesting piece (from today) "Money -- Credit -- Debt & Derivatives".
It looks like derivatives are as old as money itself (maybe older!), take a look at the article:
http://armstrongeconomics.com/archives/31401* * *
I have been in various threads here at the forum where Armstrong's material has come up.
I look forward to reading your views on his ideas, and his proposed solutions (also controversial).
If you understand the stock market and trade DJIA, SPX or in fact any stocks then I am sure you have noticed the free FED money driven jamboree is over, the much anticipated Santa rally didn't happen and now the market is volatile.