"Nobody knows who has a trade surplus or deficit anymore. It's so convoluted”, says Martin Armstrong in this excerpt from our 1-hour interview. The financial analyst believes that "all the accounting systems are really irrelevant” and to make it even more complicated “every country has its own politically adjusted GDP."
Armstrong tells an astonishing story about how in the US the incomes of governments workers are counted twice, a situation that artificially increases the results of the national economy.
"All these numbers are just... bogus", concludes the developer of the Economic Confidence Model.
Watch our full 1-hour interview with Martin Armstrong.
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