As we stand at the beginning of the new year, there’s a lot of hope by investors, business owners, citizens, all of us, that 2021 will be better than its predecessor. We all wish for an end to the pandemic, a return to normalcy, to social interactions and to productive life. However, as we all know, “wishing doesn’t make it so”, and being prepared for the risks and challenges ahead is a far more effective strategy than being willfully blind to them and hoping they’ll just magically go away.
In my efforts to identify those risks and figure out what a responsible investor can do about them, I asked Martin Armstrong, one of the most famous economic forecasters alive, to share his own views and outlook. It’s hard to overstate the quality and value of his insights. His record speaks for itself, as his analyses and forecasts have been proven accurate again and again.
With over 40 years of experience in monitoring and forecasting market behavior and a deep understanding of monetary history, Martin has developed numerous proprietary models that identify market patterns, the most famous of which is his Economic Confidence Model. He predicted the 1987 Black Monday crash to the day, the 1989 Japanese stock market collapse, as well as the Russian financial crash in 1998.
His latest book, “The Cycle of War & the Coronavirus”, is a comprehensive, global review of the cycle of war and civil unrest throughout history that is especially relevant today.
Claudio Grass (CG): 2020 was a year that will likely find a special place in future history books, as we saw a lot of things happen for the first time, at least in our lifetimes. Do you see all these gigantic shifts and this entire COVID crisis as being indeed unprecedented, or can you identify parallels or similar crises from the past that we might perhaps learn from?
Martin Armstrong (MA): This is the beginning of political unrest similar to 1912, when the progressive movement resulted in the Republican Party splitting. Never before has government deliberately used a disease for political gain.