Armstrong breaks it down
(www.armstrongeconomics.com)
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Been wanting to ask this here. Sincere question.
What do we think of this guy ? Reading his old posts from the Obama era he "predicted "WW3 like every other week. He also claims his computer is "never wrong " but he predicts "panic cycles" that hardly ever time with the market. The most evenly being on Jan 8th which didn't seem to pan out.
Why do people follow this guy? I read him occasionally. His commentary is good but his predictions don't seem to pan out.
Ok, I've been following his blog for some years now, so can at least add some insight. Like you, I mainly read him for his commentary which focuses on current affairs, history, politics and "the talk behind the curtain", as he calls it. He seems to be well informed, and the first mention of the great reset was from him.
'Socrates', the AI he created I can't vouch for, as I've never used it for trading, but it predicted a narrow Trump victory 2020, Brexit, an Al Gore victory (which later turned out to be correct), the latest Super Bowl winner, to name a few.
For political events and trends it seems to do very well, for financial advice, I just don't know. Perhaps he's labeling the output wrong, 'panic cycle' being less dramatic than it sounds?
I do appreciate his commentary.
I just wonder about the machine. "Never wrong" raises a red flag for me but in the end I (probably like you ) read his site in addition to many others to gain understanding .
Didn't realize he predicted a superbowl win too. Til.