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November 18, 2015 | London Property Crashes – Off 11.5% in One Month

Martin Armstrong

Martin Arthur Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

Home-London

It appears the London property market bubble has peaked with Osbourne’s changes in taxation and the Economic Confidence Model. Already, just since the turn on September 30, London property prices have crashed by 11.5%. The British publication Money Week reported our forecast on July 15, 2015.

Global-Economy

The emails have been coming in, asking how can our model can pinpoint so many aspects around the globe. This is a global model; it is not constructed on a single economy. Moreover, every aspect is included, for this was created from a list of panics irrespective of the underlying instrument.

Panics-168301907

Note that the first panic was in 1683. That was more than just the Rye House plot to assassinate Charles II in England. That panic was the arrival of a 140,000-man Ottoman force in Vienna, which was the peak in the Ottoman Empire. This was the Battle of Vienna, which was the capital of the Holy Roman Empire at the time.

This list of panics revealed that people moved from instrument and countries, but they routinely fell into bubbles and moved to the next. Therefore, this was the beat of a globally connected trend, it was not isolated to a single instrument or country. Since it also involved war, it should come as no surprise that the Russian attack on ISIS started on the very day of the model on September 30, 2015 (2015.75).

ECO-1895-MA

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November 18th, 2015

Posted In: Armstrong Economics

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