So Armstrong clearly states in the interview that the ECM turning point is from a business cycle perspective. Why the hell does he mentions climate change, seperatism, impeachment, Libya, Russia, Syria, war, epidemics etc in his writings to make sense of this 2020 ECM turning point?

But let's take the business cycle perspective:





The PMI's in Europe and the US (and also China) already bottomed in July and August this year (remember, the published data is 1 month after). So the business cycle low was probably in the summer of 2019, not in January 2020! (unless the numbers coming out in February have to get very bad quickly somehow)

Not only that, shouldn't you be bullish way before that business cycle low turning point since stock markets usually lead 6 to 9 months?
Oh no, Armstrong was bearish the whole way through! He talks again about the most hated bull market in history. He must be talking about himself.

And what he says in the interview also contradicts what he said just last week:

https://www.armstrongeconomics.com/armstrongeconomics101/ecm-armstrongeconomics101/ecm-the-rise-in-intensity-into-2032/


Here he says that we have bubble tops forming in many markets. In the interview he ONLY mentions the bond market, and the rest should go higher.