Blog/World Economic Conference
Posted Aug 21, 2015 by Martin Armstrong
Unquestionably, the overwhelming majority of “analysts” are predicting “a stock market crash for the fall of 2015”. Most predictions are centered on our target date, plus or minus a few days. We are in a period where the central banks are against the wall and are indeed defenseless against any market implosion.
But are we really looking at some mega collapse of all time? It seems gold is rallying on cue just after the WSJ called it a pet rock. The press touts it is rising because they think the Fed will not raise rates, but it seems that the hedge funds were too short on gold and the timing was just not right. True, some bailed out when our computer flipped to a long-position. Many professionals have learned they should not be on the opposite side of Socrates even when they may not be following our forecast generally.
You can bet on one thing: this is not going to be a plain vanilla outcome. There will be no mega super cycle collapse in equities inside the USA. We are dealing with a collapse in government and there is nobody alive who has gone through such an event, so it is hard to determine how people will be able to forecast the next four years from the perspective of opinion. This takes models going back more than 300 years.
We strongly urge those who would like to attend the World Economic Conference to consider Berlin. The waiting list now for Princeton is now over 100 people. Americans will not have to pay the VAT tax, which will only apply to Europeans, and even then most businesses get that back as well. We will make an announcement on the blog once we have more information regarding VAT tax repayment. In Berlin, we are able to increase the size of the venue where that is not possible in Princeton. For more information on the conference, feel free to contact us at PEIconferences@PrincetonEconomicsIntl.com.