Armstrong Economics Blog/China Re-Posted Feb 13, 2021 by Martin Armstrong
The Ox is the second of all zodiac animals. According to one myth, the Jade Emperor said the order would be decided by the order in which they arrived to his party. The Ox was about to be the first to arrive, but Rat tricked Ox into giving him a ride. Then, just as they arrived, Rat jumped down and landed ahead of Ox. Thus, Ox became the second animal.
From a cyclical perspective, these are years that do correspond to important shifts in trends. The year 1913 was the year of the Ox when both the income tax and the Federal Reserve were created. (125 was the year the bull market really began to take off and real estate was the first to peak 2 years later. Of court 1949 was the first currency devaluation under Bretton Woods. Even 1961 was Kennedy election, 1973 OPEC, 1985 peak in dollar birth of G5, 1997 Asia Currency Crisis, 2009 bottom in the 2007 Financial Crisis, and now 2021 looks to be shaping up as a disaster and Biden takes control. The next will be 2033 one year after our model peaks in 2032.