Loading ...The banks will try to eliminate cash and are ever ending trying to find ways to limit withdrawals to protect themselves from bank runs. Big money is parking in equities. There is probably a correlation between that, the debt and lack of trust in Gov. that results in barters ” assets” and like Bitcoin the farther out of the reach of Gov the better.
Now I remember the other word Armstrong used. Phase Transition. That we could pass up the market going down one more time before the next leg up. So something to watch.
Here’s a good explanation of why dollar going down is good not bad for the economy. But then the Fed will chase it and try to bring it back up and why money is parking in stocks vs gov.
https://www.google.com/amp/s/seekingalpha.com/amp/article/4072737-martin-armstrong-stocks-double
Now here’s the scary stuff.
That Trump will fail because the he’s failing to reform Europe and the debt.
That he better hurry up and get tax reform. The result : Keep in mind we might skip the phase transition. Happy Thanksgiving