{"id":56707,"date":"2021-02-10T08:39:11","date_gmt":"2021-02-10T13:39:11","guid":{"rendered":"https:\/\/olduvai.ca\/?p=56707"},"modified":"2021-02-10T08:42:44","modified_gmt":"2021-02-10T13:42:44","slug":"opinion-v-fact","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=56707","title":{"rendered":"Opinion v Fact"},"content":{"rendered":"
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Opinion v Fact<\/a><\/h3>\n<\/div>\n
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COMMENT:<\/strong>\u00a0Marty,<\/p>\n

Each day I read reports from so called reputable people expressing what they think might happen given the backdrop today. It is laughable. Most do this based on superficial analysis or cursory comparisons with things that appear to line up, appear\u00a0to rhythm, to paraphrase M Twain. What a joke.<\/p>\n

I say this here because as I relearn what I once thought I knew, analyze my mistakes using real data\u2026it brings me back to you and your marvelous study of history, your database, which is incomparable, and your willingness\u2026let\u2019s call it humility, to let Socrates make the call. Just remarkable.<\/p>\n

What this has done for me is save countless hours reading nonsense and instead focusing on the data. Not trying to push my opinions on a trade and expect the market will follow, but respect what is there and not force things. Nothing is absolute, no one is always right. But today there are so many people who are flat out wrong, who claim to be right\u2026just give them time, it explains why the government fails repeatedly\u2026because these are the people who, like Keynsians or socialists claim\u2026just give it more money\u2026it will work. Right. History always seems to tell a different story.<\/p>\n

MS<\/p>\n

REPLY:<\/strong>\u00a0Thank you. What I try to get across is what I have learned from my clients. Because I was perhaps the only international analyst in foreign exchange back in the 70s and 80s, we ended up with the largest client base that was so diverse that it compelled me to look at the world through everyone else\u2019s eyes. I remember doing an institutional conference in Zurich probably around 1982-1983. People started flying in to attend from around the world. There were people from the USA and Canada as well as Germany who traveled to Zurich.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n

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Opinion v Fact COMMENT:\u00a0Marty, Each day I read reports from so called reputable people expressing what they think might happen given the backdrop today. It is laughable. Most do this based on superficial analysis or cursory comparisons with things that appear to line up, appear\u00a0to rhythm, to paraphrase M Twain. What a joke. I say […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[5496,951,9529,2500,5479,536],"class_list":["post-56707","post","type-post","status-publish","format-standard","hentry","category-economics","tag-armstrong-economics","tag-currency","tag-historical-cycles","tag-history","tag-martin-armstrong","tag-money"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56707"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56707\/revisions"}],"predecessor-version":[{"id":56708,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56707\/revisions\/56708"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}