QUESTION: Mr. Armstrong; You said that over 60% of graduates cannot find a job on what they have a degree in. Is there any recommendation you would care to make on how to advise one’s children on what subject to pursue a degree?
Thank you
DF
ANSWER: Engineering and Programming. I have NEVER met a CFO yet who had a degree in economics. The overwhelming degree I encounter as a CFO is usually engineering. The reason this seems to be the best degree is it teaches you HOW to solve a problem whereas economics tells you the solution, which has never worked anyhow. Then take programming. This will be the essential skill in the future. Not that you write code for generic apps. But if you understand a subject matter, then you will have the skill to write a program to accomplish that objective. I have the programming skills. However, no matter if I am the best programmer in the world, I still could not write a program like Socrates without the ability to trade.
Programs that have blown up like the Black & Scholes that ended up winning the Noble Prize just before blowing up the world economy in Long-Term Capital Management Crisis of 1998, took place because you had two math geniuses who lacked trading skills. The formula that blew up the Real Estate models in 2007 made the same mistake. You cannot reduce the market to a single formula. That is a fool’s quest. As soon as you think you created the best model since sliced bread, it will blow up because those people cannot understand how to trade. There is no shortcut using math to generate the best model that ever existed. Even the high-frequency trading systems immediate shut down when volatility rises.
Financial markets are essentially betting parlors. Mohamed El Erian is considered to be one of the better, perhaps currently the best/most influential, financial market analysts in the world. What El Erian outlines is something we have discussed at great length.
“When people realize that at the end of the day, the U.S. will prevail, because [China] is a less open economy, because [the U.S.] is a more dynamic economy, that ultimately you may end up in a situation where the U.S.’ position in global economic terms is better off.”
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The multinationals (corporations and financial entities) don’t like President Trump; nor do they like any politician who expresses economic nationalism – with the exception of Chinese President Xi Jinping, whom they had been using as the fulcrum for their investment betting on the U.S. as following a service-driven economic model.
Trump has crushed that fulcrum. The economic globe is in a state of flux while it resets to the natural fulcrum with the U.S. as the centerpiece. Previously we have explained the dynamic of this flux-time as the space between two economic engines. Only President Trump could pull off this reset… his plans therein were assembled over decades.
Ultimately capital investment follows the pathway to the strongest and most consistent return. It is the natural order of finance for money to flow to toward strength. President Trump, and the dynamic economic team carrying out the America-first economic agenda, knows this truism will remain the one constant in an ever changing universe.
That’s why team Trump don’t worry about downside market fluctuations, outside of trying to remove talking points from the media narrative engineers. The team knows ultimately the money will flow toward the MAGAnomic result; a more ‘balanced’ U.S. economy.
Enhanced MAGAnomic policy to support a manufacturing and production base only increases the balance within the U.S. economy. Balance equals stability. Balance eliminates wealth disparity. Balance supports the middle-class of the economy. A strong middle-class equals a strong country.
With a strong country the influence of the U.S. increases. Global security is a downstream benefit from U.S. strength. Ultimately, at the 30,000 foot level, that’s why those who plan to benefit from global instability always need to focus on weakening the U.S.
Few people ever discuss the motives behind President Trump in this regard. Why give up the extraordinary indulgences afforded from a life of wealth accumulation? Why walk into the hardest task ever?… Think about it.
“Well, I don’t really have to do any holding together, now that I figured out what Trump is up to. He is shaking things out, but counting on Trump gravity to pull things back together as he moves along.
He is moving “forward” at speeds Obama could not even dream of.
You and I will be anti-Trump trolls one day and MAGA heroes the next. Get used to it. Trump speed is the new normal. Some will call it flip-flopping, but that’s not what it is. Trump is dodging and weaving through reality faster than the reality can react to disrupt his plans.
I was explaining this to my wife. This is a roller-coaster now. Trump is no longer waiting for people to keep up. He is taking his bewildering art-of-the-deal campaign schtick into geopolitics, and for a lot of people who can’t keep up or hold on, it will be a rough ride.
Trump is no longer playing only with evil and cunning players who are still predictable, easily beatable dopes, like Hillary. He is playing against killers, with his own team of killers, and all the while he has scheming creeps like Hillary, BGI, SPLC, and the neocons gunning for him. Snake Ryan ready to bite when nobody is looking. “Warhead” McCain screaming for Russian blood. Psycho Kim and Samoa Obama plotting some kind of intrigue to take him down. And THOSE are the lightweights.
This is the majors now. Trump has to outwit world-class adversaries and “frenemies” by defining the deals that they will agree to. One minute they will think Trump is their friend – the next minute, a cunning, bitter foe.
And he has to do this with evil cheerleaders like Warhead, Linderace, Dipsy Dowd, Maggie Haterman, and Fake Yapper trashing him or praising him alternately, no matter which way he goes. They can’t keep up, either.
Neither can many around him. I think that half of the problem with advisers crashing into each other is they don’t realize what Trump is doing.
And people will trash you, and they will trash me. Get used to it. I’ve already caught plenty of people mocking me. Well, just wait a week in Trump time. Look stupid and conned by Trump one minute, and you look like a sage three days later.
Trump will not find perfect solutions. He will find OPTIMAL solutions. We cannot ask for more. Trump has stood by and watched Perfect murder Good for 8 years – maybe longer. He’s not gonna do it. He’s going to deliver the best outcome possible, and he’s not waiting for us to feel relaxed about it.
Best presidency ever! Just hang on. More winning is coming, but a lot of people are going to scream that it’s all over at EVERY turn.
The best way through this is to define viewpoints, not people, because people will shift as they change position and velocity in Trump gravity. Bash the neocon, warmonger, and dopey globalist positions – not the people who are going to hold them one moment and come loose from them later.
Trump is Jupiter moving through the asteroid belt. He is going to pull people into his orbit. A few will get slung off into space, but most will come along for the ride of their lives.
I am ON the Trump Train for good, even if I scream that I want off and can’t take it.
In the end, I only want to scream “TOO MUCH WINNING!!!”
Earlier today Queen Elizabeth II welcomed President Donald Trump and First Lady Melania Trump to Windsor Castle. The British monarch, 92, greeted Mr and Mrs Trump in the quadrangle of the royal residence ahead of a private tea.
A Guard of Honour, formed of the Coldstream Guards, gave a Royal Salute and the US national anthem was played as the US visitors arrived for the engagement. Mr Trump is the 12th president to meet Her Majesty.
First Lady Melania Trump bowled over Britain with joy as President Donald Trump and Prime Minister Theresa May held bilateral discussions.
Mrs Trump joined Philip May for a visit to the Royal Hospital Chelsea in London on Friday morning. Melania was, well, ‘radiant’ as she joined Chelsea Pensioners and local schoolchildren for the game of lawn bowling, and ended her turn on the green with a high-five to a Chelsea Pensioner, much to his delight.
Man-o-man…. do we have the best first lady, or what?
British leader of Brexit, Nigel Farage, appears on Fox News Morning to discuss the ongoing visit by U.S. President Donald Trump and the issues surrounding a bilateral U.S./U.K. trade deal.
Earlier today British Prime Minister Theresa May held a bilateral meeting with U.S. President Donald Trump to discuss issues of importance to both nations. Topics included military cooperation, ongoing anti-terrorism efforts and a possible bilateral trade deal.
QUESTION: Martin, I have been reading about machine learning recently and have come across a concept that I believe you might have figured out that no one else has. To quote Max Welling “The information we receive from the world has two components to it: there is the part of the information which does not carry over to the future, the unpredictable information. We call this “noise”. And then there is the information that is predictable, the learnable part of the information stream.” Have you through Socrates figured out a way to filter noise entirely from the system or something of this nature?
Kind regards,
Andrew
ANSWER: No. That statement is based upon the idea that the “noise” is just chaos. They cannot see behind the surface and look deep within. There is ALWAYS order to the “noise” and 99.9999% of the problem is that people do not understand how to deal with chaos. Here is a plot of a daily file of closing in the Dow Jones Industrial Index from 1918 to 1991, which we published long ago. There is a hidden order within that “noise” if you understand how to extract it
How bad did it get in some segments of the population during the Great Depression? Actually, during the Great Depression, women began reusing the fabric from flour sacks to make dresses. When the flour companies woke up and suddenly realized the purpose their flour bags were providing, they began to print their bags with various floral and other designs to make them more attractive to consumers who would buy flour to be able to use the cloth for clothing. Interesting way to increase your sales.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
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