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February 13, 2019 | Farmers Going Bankrupt – A Prelude to a Boom?

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.

Part of the cycle for a commodity boom is typically preceded by a commodity depression in which the productive capacity is reduced. We are witnessing that in the agricultural sector. Additionally, extremely cold weather continues. Bankruptcies in the farming sector have been on the rise since 2014. These are the pre-staged events that are required to create a commodity boom for the next cycle — the reduction in supply.

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February 13th, 2019

Posted In: Armstrong Economics

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