Armstrong Economics Blog
Re-Posted Apr 28, 2016 by Martin Armstrong
A shopper takes part in Black Friday sales at a Target store in Chicago, Illinois, United States, November 27, 2015. REUTERS/Jim Young
Reuters reported:
U.S. economy stalls in first quarter as activity weakens broadly
COMMENT #1: you been right on
COMMENT #2: Marty, your ECM is amazing. What is more amazing is how mainstream press is desperate to ignore your accomplishments.
COMMENT #2: Clearly, you have demonstrated time and time again that your ECM is the only way to accurately forecast the economy. Keep up the good work.
REPLY: The huge problem is we are fighting against Marxism. Government WANTS to assume the power to herd you like sheep. The ECM proves that it is they who cannot alter society. The business cycle has defeated everyone from politicians to investors and goldbugs. No matter what you show these people, they refute it because they refuse to accept failure. They either ignore this or demonize it. They are incapable of altering their biases.
The Business Cycle will always win for only fools ignore it. Here we have Hillary promising the same Marxist text book, increase spending and raising taxes on the rich while hunting money for taxes except from bankers. Ronald Reagan and his “trickle down” economics the Clinton’s bash, produced a real 3.5% economic GDP growth during his administration. Barack Obama will probably come in at 1.5% GDP growth rate. No matter what you show these people, they do not get it because they DO NOT WANT TO. They cannot run for office without promising more of a failed political formula. They cannot depart from that mantra and as such we are moving in a profound economic decline that will not end well.
