COMMENT: It’s baffling why you aren’t on the entrance web page of the WSJ, Barons, London FT, NY Occasions, and each monetary newspaper claiming to be fascinated by markets. Within the ’80s, when the Dow was 1,000, you forecast it might attain 6,000 by 1996. On the day of the 1987 low, you stated the market would make new highs by 1989. You forecast the Nikkei excessive at 40,000 for 1980. Even after the 2007-2009 crash, you stated the low would maintain, and we might see new highs. In no less than 2013, you stated the Dow would check 40,000. You will have accurately forecasted each crash and each excessive, but the faux important monetary press won’t ever report the reality.
You will have proven the world that forecasting from a quantitative view somewhat than opinion is feasible. My hat is off to you. You get standing ovations at conferences. You’re a world trainer.
See you in London.
LS
REPLY: Thanks. I believe the bias stems from what I skilled in class. The physics professor stated nothing is random, and in economics class, they stated it’s random, like a drunk strolling within the park staggering backwards and forwards. So, we will observe Marx and Keynes and manipulate society to provide the right world.
Even in 2013, the primary projection was 40,000. In 2018, I once more warned that 40,000 was not the acute goal however the medium vary. It’s a must to comprehend that every little thing is related. You can not have the Dow going to 40,000 and nothing else occurs. The query now’s that with the Neocons pushing for World Warfare III earlier than the financial system and Europe additionally in determined straight needing warfare, we have now a conflict of traits converging the place there may be almost $11 trillion in US debt maturing this 12 months, which I warned about on Feb 18, 2024.
Will we get the knee-jerk response when individuals notice we have now a DEBT CRISIS about to smack us within the face BEFORE the election? Or do we’d like warfare to get the foreigners to purchase the debt that China is not going to? How lengthy will it take individuals to determine it is advisable to disguise in non-public property – not public? That may dictate the size of a knee-jerk correction. That is why it takes a pc to make such projections – not private opinions.
Historical past dictates that they’ll solely take a look at what I’ve carried out after Scotty has beamed me up – not often ever earlier than and not using a main disaster. That’s simply the way in which the prejudices and biases exist in human society. You’ll by no means extinguish them. Good and dangerous, that’s what makes us all human. Nonetheless, sometimes, there have been some who reported the forecasts.
