Armstrong Economics Blog/Nature Re-Posted Dec 20, 2022 by Martin Armstrong

QUESTION: Marty, we had an earthquake here in Northern California today that seems to be following your forecast building into 2028. Can you update your earthquake chart?

Thank you


ANSWER: Here is the update. Socrates has already pulled that data down. Yes, the trend appears to be building into a serious cluster for 2028 which may exceed that of 1954. This chart is recording ONLY those quakes that are 6.0 or higher. There are numerous quakes in the 4 to 5 range. It was the 1906 Earthquake that set in motion the Panic of 1907 since the insurance companies were in NYC and the claims were in California. It was JP Morgan who stepped up to save the banks in NY and that became the model for how the Federal Reserve was created with 13 branches to manage the regional capital flows that resulted in the financial crisis in the aftermath of the 1906 San Francisco Earthquake which was a 7.7 on the Richter Scale.

This chart presents the total number of quakes regardless of the magnitude. Here we can see that 1992 was the year with the greatest number of quakes irrespective of magnitude. This is a different perspective entirely. The top chart is what I have called the cluster perspective where we only took into account 6.0 or higher. This illustrates that just like market activity, earthquakes build in intensity. They produce clusters of magnitude. The next serious period should still be 2028.

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