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    Forecasting The Future | Armstrong Economics

    Economy 2 Mins Read
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    iranian Rial M Array 4 12 26

    QUESTION: You have to be the most accomplished programmer ever. Socrates even forecast that this peace meeting would fail. No neural net would produce such a forecast. Your AI methods are beyond what anyone else has. Will you ever agree to reveal how to code?

    PB

    ANSWER: To be honest with you, probably not. I just have way too much on my plate. As a programmer, you should know. You should never even tinker with something that works, for you may lose that magic. The computer picked up war with Iran last December.

    The computer is monitoring everything including future elections. If voters perceive that the US lost the war against Iran, the Republicans will lose Congress and the president would be facing impeachment motions from Democrats. If, on the other hand, voters perceive that this conflict with Iran was worth it and life returns to normal by the summer, then, and only  them, would the Republicans have a better chance of breaking even in November’s midterm elections. Add to this pressure, the Israeli elections where Netanyahu needs to appear to win. A ceasefire or peace with Iran that accomplished nothing but actually left Iran strategically with a victory controlling the Strait of Hormuz, this is a disaster for both.

    I taught the computer how to would personally analyze. I did not create a neural net, dump in the data, shake well, and hope it figured everything out all by itself. To do that necessitated EXPERIENCE as a trader on an international level – not domestic. I rejected all the classic economic BS that does not work and never has.

    Volcker Rediscovery

    Even former Fed Chairman Paul Volcker came to realize that Keynesian Economics failed during the 1970s. Yet, all the TV pundits still talk in Keynesian terms and people forecast markets based on what the Fed will do next. Even Larry Summers admitted no economist has EVER forecast a recession in advance since WWII.

     



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