Today’s wall street move was predicted
No this is not another one of those Nostradamus predictions. A major move was predicted to happen on February 27th 2007 at least as early as 1999. The prediction was made by economist Martin Armstrong, who is currently in Jail in NYC on contempt charges in what he calls the Economic Confidence Model.
My uncle pointed this out to me today by noting the prediction was covered several months ago on Gold Radio, Howe Street. A economic mailing list with a strong following. Though its not clear how many people actually heeded the warnings.
Other days of significance:
The Economic Confidence Model in 2.15-year intervals:
1998.55 = 07/20/98
2000.7 = 09/13/00
2002.85 = 11/08/02
2005 = 01/02/05
2007.15 = 02/27/07
2009.3 = 04/23/09
2011.45 = 06/18/11
2013.6 = 08/12/13
February 28th, 2007 at 11:29 am
It’s weird how no 2 economists can agree on the same topic as the current Fed Chairman Bernanke commented that the US economy continues to face inflationary pressure therefore justifying the Fed’s stance to hold rates steady. Meanwhile, xFed (not Britney’s x) Chairman Greenspan commented recently that he fears that the US economy may head into a recession which in Fed lingo mean rate cuts. Who does the public believe and this explains why the market is so volatile which makes traders even richer!