We got together with Martin Armstrong for a pre-Thanksgiving interview. His prediction of Dow 16,000 was just three weeks late, not too shabby for the master forecaster. He’s sticking by his Dow 32,000 forecast by 2015. His reasons remain the same. The Fed will be working to increase the velocity of money. In the last Fed minutes there was talk about getting rid of interest paid on excess reserves kept on deposit with the Fed. This could have a very stimulative impact on bank lending. Also, Martin is seeing a major third party trend in the 2016 election. There’s much more in this in depth interview.
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