Saturday, December 28, 2024

The Function of Remembering | Chris Marker

I will have spent my life trying to understand the function of remembering, which is not the opposite of forgetting, but rather its lining. We do not remember. We rewrite memory much as history is rewritten. How can one remember thirst?

 » How can one remember thirst? «
 
»
I’m writing you all this from another world, a world of appearances. «

I wonder how people remember things who don't film, don't photograph, don't tape. How has mankind managed to remember? I know: it wrote the Bible. The new Bible will be an eternal magnetic tape of a time that will have to reread itself constantly, just to know it existed.

Solar Activity and "Violence-from-Below" Events | Suitbert Ertel

Alexander Chizhevsky's 1921 claim of a relationship between solar activity and revolutionary mass behavior is examined. A Master Index of Violence-from-Below Events (MIVE) is compiled, consisting of 2,101 events and 4,000 references extracted from 18 historical sources (chronologies, timelines, etc.) covering the period A.D. 1700–1985. [...] The relationship between solar activity and violence-from-below is found to be highly significant (p < .001). 

A.L. Chizhevsky (1897–1964), Russian scientist, Soviet Gulag prisoner, and founder of heliobiology, a field dedicated to
studying the impact of solar activity on biological, social, and psychological processes. His work spanned experimental
biophysics and hematology (structural analysis of blood). In addition to his scientific pursuits, Chizhevsky wrote poetry,
engaged in literary criticism, and taught history and archaeology.
 
At the 1926 Annual Meeting of the American Meteorological Society, an American participant delivered a paper written in 1921 by Alexander Leonidovich Chizhevsky, who was then a 24-year old Russian scholar. Its bombastic title "The Influence of Cosmic Factors Upon the Behavior of Organized Human Masses, as Well as Upon the Universal Historical Process" appeared laughable. The author claimed that occurrences of social unrest, rebellions, upheavals, revolutions are significantly correlated with solar activity, i.e., with the ups and downs of magnetic turbulence of the sun. In his own words: "The greatest revolutions, wars and other mass movements which have created nations, have given origin to the turning points of history, and have shaken the life of humanity and entire continents, tend to coincide with the periods of the maxima of the sun’s activity". [...] Since 1958, after being rehabilitated from Stalin's Gulag system, Chizhevsky has been acknowledged in Russia and elsewhere as the founder of the discipline of "heliobiology." By then some of his claims had appeared less vaunting and more admissible, especially in medical science circles: Typhus, influenza pandemics, cholera, and other epidemic diseases, as well as the morbidity of animals, were alleged to be correlated with solar activity. Chizhevsky's major claim, however, the correlation of turning points in human history with solar maximum conditions, was deemed unthinkable.
 
Secrets of the Sun — A.L. Chizhevsky's legacy.

[...] In line with Chizhevsky’s hypothesis it is assumed that human behavior, if correlated at all with solar activity, would turn spontaneous and impulsive under helioactive conditions among many people at the same time. The probability of mass activation would increase. Therefore all events indicating "violence-from-below" are regarded pertinent, i.e. spectacular attempts by large groups of people at enforcing changes of their living conditions. The category "violence from below" has been adopted from Johan Galtung who distinguished between (1) violence from below (revolutionary violence); (2) violence from above (counter-revolutionary); (3) horizontal violence between equals over some incompatible goals; and (4) random violence, related neither to interests nor to goals. 
 
» An event is coded violence-from-below if the chronology
refers to it by one or more of the above verbal labels.
«
 
 » The idea of Q-analysis is simple. If historical events are independent of solar activity, their temporal distances from
the nearest solar maximum should be random. Even though a revolution might coincide with a solar maximum due
to chance, this should occur relatively infrequently. For larger numbers of historical turning points, temporal distances
from solar maximum years should not differ from chance expectation. The same applies for solar minimum years. «

Unlike Chizhevsky, we did not lump events of Galtung's four categories together. Thus, all horizontal violence acts were not considered, such as territorial or international wars, which are generally not launched by the people but by institutional authorities. Violence from above was also excluded, except if such occurrences indicated preceding acts of violence from below. Galtung's random violence events (Category 4), such as massacres and pogroms—however rare expressions of mass unrest—were also included. [...] Palace revolts, coups d’états, and similar instances of violence without involvement of the ruled masses remained unconsidered, as well as individual acts of violence directed against authorities without apparent involvement of a larger population (e.g., assassination, terror acts). [...]
 
Conclusions
Evidence has been accumulated in this study supporting the claim of Chizhevsky of a connection between solar activity and violence-from-below. A comprehensive Master Index of Violence Events (the MIVE database) was compiled, and influence of bias was strictly excluded. The procedure of analysis circumvented methodological artifacts arising from autocorrelations. In addition, the distribution generated by randomizations allowed for straightforward significance judgments. Finally, results obtained from genuine data were compared with results obtained from various controls. It turned out that the hypothesized connection between solar activity and violence-from-below is positive (the more solar activity, the more social violence), and the correlation is generally not lagged. 
 
 » The more solar activity, the more social violence, and the correlation is generally not lagged. «
A p-value of less than 0.001 indicates the very strong statistical correlation between solar activity and violence-from-below, 
making the result highly reliable, with the likelihood of the relationship occurring by chance being less than 0.1%.

In sum, history text references to violence-from-below events tend to coincide with the years of maximum solar activity. However, a number of ensuing problems need to be solved:
  1. Physical Variables: Which variables are actually effective? Are solar emissions responsible? Are mediators like geophysical disturbances or climate involved? Solar activity effects on the world’s climate are too small and too slow to explain unlagged revolutionary behavior. Geomagnetic influence is somewhat more likely, but cycles of geomagnetism peak about two years later than solar cycles. Cosmic radiation, whose intensity is attenuated by solar magnetism, might be an effective variable.
  2. Physiological Variables: Which psychobiological structures underlying violence-from-below are responsive to such hidden stimulation? Neural structures for sensory or subsensory perception, for emotional processes, or for cognitive processes?
  3. Effect Size: How strong are solar correlated (external) factors compared to social-political dynamics (internal factors)? The external factors are apparently strong enough to emerge despite internal political dynamics. If the external effects were weak, they would be diluted.
  4. Effect Limitations: Why is solar maxima not always associated with violence-from-below? Why did high violence-from-below sometimes emerge despite low solar activity? Historical incidences of unexpectedly high or low violence — “unexpectedly” in view of deviating solar conditions — might be of foremost interest for investigating the range of heliodependence of social-political dynamics. 
  5. Concomitants: The role of revolutionary events in broader societal and historical contexts must be considered. Long wave oscillations have been claimed between liberal and conservative worldviews, and economic cycles of the famous Kondratiev type ought to be put into perspective. The connection between violence-from-below with conflicts of horizontal extension (international wars) needs investigation.
  6. Generalizations: Revolutionary movements are generally seen as expressions of new ideas rather than as blind valves releasing stowed-up aggressions: “Revolution is ... a war of ideas”. The question arises whether ideational activity in other domains, aside from the social-political domain, may oscillate with changing solar activity-related conditions.
  7. Present and Future: How strong is solar activity in 1996? We find ourselves in the midst of a solar minimum. Applying our above observations, we may be tempted to conclude that presently the probability of major world revolutions is low. The most recent turning point in contemporary history occurred in 1989, a solar maximum year. The 1989 revolution brought to an end an era whose beginning was the Bolshevik Revolution of 1917, a solar maximum year. The next solar maximum is expected for A.D. 2000 or 2001. The probability of revolutionary upheavals on this globe should then be greater. It seems advisable, however, to postpone predictions and to rather await further conclusions from research conducted by macroecologists, i.e., by a team of experts from all those disciplines of science, social science, and history whose contributions to solving the solar activity riddle are badly needed. Regrettably, such a team does not yet exist, but researchers in chronobiology/chronomedicine and in biogeomagnetics are not far from setting the stage: "An international and truly interdisciplinary effort will be required to ascertain the validity of biogeomagnetics ... to scrutinize physiological harbingers and their possible correlations with 'space weather' parameters."
 

Tuesday, December 24, 2024

2025 US Stock Market Outlook │ Larry Williams

My outlook on the US stock market in 2025 uses the metaphor "Clint Eastwood Market," representing a mix of good, bad, and ugly factors:
  • On the positive side, there are no immediate signs of a US recession, with strong employment figures and a labor market expected to improve in early 2025. Business conditions remain stable, and historically, stock markets tend to perform well in the first year of a presidential term. 
  • However, there are risks, including potential profit-taking after a strong 2024 market, the uncertainty surrounding trade policies and tariffs, and the unpredictable actions of the Fed, Congress, and business leaders like Elon Musk. 
  • On the negative side, market valuations, such as high price-to-earnings and Shiller CAPE ratios, suggest that the market is overvalued, which increases the risk of a correction. Additionally, industrial production is underperforming, which could hinder economic growth, and inflationary pressures from the excessive money supply expansion since the COVID-19 pandemic may contribute to market volatility.
 
Very Long-Term Market Wave in the DJIA and US-stocks down into 2038.
 
 Shorter Long-Term view on the DJIA with major lows in 2025 and 2028.
 
2025 will be a trading range market with a bullish bias.
 
 Selling pressure in Q1 of 2025. Second half of the year strong. Overall gains.

Given the current very high valuation ratios, the 2025 forecast indicates slower growth and market underperformance compared to historical averages. Therefore I don’t foresee a runaway bull market in US stock indices in 2025, and volatility is likely to be a key characteristic, with short-term rallies and corrections. Very long-term market cycles suggest we are at the beginning of a prolonged period of sideways movement, with the next major bull market not expected to begin until around 2038. 

Regarding a major crash that some are constantly talking about, I don't see it occurring in 2025 either. While the market will be challenging, the overall bias will lean toward the upside.



The S&P has traded above its 200-DMA all year. This has happened 11 other times since 1952, and the next-year move has been about
half the average. Last time this happened was in 2021, and before that, 2017  —
Bespoke, December 24, 2024.

Monday, December 23, 2024

Outlook for 2025: Depression, Debt, Default & Destruction | Martin Armstrong

The year 2025 marks a critical turning point, with a global economic crisis on the horizon. Our computer models predict a major downturn, particularly in Europe, and a prolonged US recession extending into 2028. This crisis stems from long-term mismanagement by central banks, especially the Federal Reserve, which kept interest rates too low for too long, forcing banks to hold risky government debt. While analysts focus on short-term rates, the Fed has little control over long-term rates, which continue to rise despite rate cuts. Tensions in Europe, including the threat of World War III, are exacerbating this issue and pushing rates even higher.

» While financial elites are aware of the looming collapse, everyday people will feel its full force. «

The rise in long-term rates reflects a loss of confidence in government debt. For instance, corporate bonds in France are now offering better returns than government bonds, and even Greece's debt is becoming more attractive. This points to systemic weaknesses within European governments. Meanwhile, the US faces its own dilemma: raising rates to combat inflation only makes its national debt more expensive. As the world's largest borrower, higher rates simply add to the debt burden rather than reducing spending. This crisis underscores the failure of Keynesian economics, which Paul Volcker acknowledged in 1979. Today, the US government borrows far more than in the past, and raising interest rates does little to curb spending—it only adds to the debt.


The financial system is now in deep trouble, and the average person will bear the consequences. Europe is headed for a depression, and the US is facing a severe recession. Unemployment will rise, wages will shrink, and basic goods will become more expensive. The gap between the rich and poor will widen, and financial instability will increase. A sovereign debt default in Europe by 2025 is likely to trigger a broader collapse, with massive financial instability by 2026-2027. Many banks and pension funds are heavily invested in government debt, and a default could lead to the disintegration of European financial systems. Insiders are very much aware of the crisis and fear that public panic could worsen the situation, potentially triggering bank runs. While not all banks are equally at risk, poor management and political interference in banking have worsened the problem. The Federal Reserve, designed to act as a backstop for failing banks, may be overwhelmed by the scale of the crisis.
 
The impact on ordinary Americans will be severe, with rising unemployment, shrinking wages, and higher living costs. While financial elites are aware of the looming collapse, everyday people will feel its full force. The US government’s failure to roll over its debt could spark a chain reaction, causing widespread bank failures. The interconnectedness of the banking system means one collapse could trigger a broader financial breakdown. Cash will become essential, as digital transactions and credit systems may fail, as seen in previous disruptions like the Canadian trucker protests.

I strongly recommend preparing for this crisis by having physical cash and at least two years' worth of food stored. The collapse of the financial system will lead to widespread losses in banks and pension funds, and the government and central banks will be unable to protect everyone. Those who are unprepared will suffer the most.

 November 2024: A Norwegian task force has advised against the immediate adoption of a central 
bank digital currency, while South Korea has launched a CBDC pilot with seven major banks.

As the debt crisis worsens, geopolitical instability will exacerbate inflation and push capital into the US as a safe haven. The dollar will strengthen, and sectors like gold, food, and bonds will see increased investment. However, emerging markets with high foreign-denominated debt, such as Brazil, will be particularly vulnerable to financial crises.

I also caution against the growing threat of Central Bank Digital Currencies (CBDCs), which would grant governments unprecedented control over personal finances. The rise of gold as a long-term safe haven, coupled with rising long-term interest rates, will create significant risks for those holding variable-rate debt. People should prepare by securing tangible assets like cash, food, and gold, and locking in fixed-rate debt where possible. The coming crisis is inevitable, and those who prepare will have the best chance of weathering the storm.

 

The Panama Canal, Greenland, and Trump 2.0 | Andrew Korybko

Trump threatened that the US might retake control of the Panama Canal if it remains under indirect partial Chinese management and continues to charge the US what he described as exorbitant rates for passage. He then posted shortly after that, "For purposes of National Security and Freedom throughout the World, the United States of America feels that the ownership and control of Greenland is an absolute necessity." Both are his for the taking if he really wants them, but it’s unclear whether he does.

 » Available for Trump to claim if he truly desires. «

As regards the Panama Canal, Trump's immediate imperative appears to be rolling back Chinese influence over this crucial waterway, which he seemingly fears could be leveraged by the People's Republic to cut the US off from transoceanic shipment in the event of a crisis over Taiwan. He might also want to coerce Panama into shutting down illegal migrant routes to the US via the Darien Gap. Both are sensible from the perspective of his MAGA worldview that aims to restore the US' unipolar hegemony.

His objectives in Greenland might be similar in the sense of ensuring that Chinese companies don't obtain a monopoly over that island's critical mineral reserves as well as preventing the construction of "dual-use infrastructure" that might one day give Beijing military and intelligence advantages. Direct control over sparsely populated and practically undefended Greenland, which formally remains part of Denmark, is seen as the most effective means to that end.
 
  » A monopoly over the island's critical mineral reserves. «

Trump's threat to the Panama Canal and his claim to Greenland are also likely meant to appeal to his supporters' expectations that he'll "Make America Great Again" in a visible geopolitical way. Even if he doesn't impose formal US control over them, expelling Chinese influence from both and replacing it with US economic influence could be enough to satiate them. This could also solidify his legacy and lay the basis for his successor, who'd probably be
JD Vance, to establish formal control sometime later.
 

Both are Trump's for the taking if he really wants them since neither could meaningfully oppose the US military if he authorizes an invasion. They'd be low-cost operations with high economic and political returns even though they'd occur at the expense of the US' international reputation. The global community would predictably decry them as imperialist invasions, but nobody would stand in the US' way nor sanction it afterwards. The most that might follow is harsh rhetoric, nothing more substantive.
 
Quoted from:

See also:

Possible 2025-1981 Analog for the S&P 500 | Tom McClellan & Branimir Vojcic

The S&P 500 in 2024 closely mirrors its performance in 1980, the year Ronald Reagan defeated Jimmy Carter in the presidential election. Wall Street celebrated Reagan's victory, expecting him to be a transformative leader capable of resolving the nation’s problems. However, despite Reagan's eventual success, the first two years of his presidency were challenging for stock investors.

 Upper chart: S&P 500 vs shifted 1978-81 pattern.
Lower chart: S&P 500 vs daily spectrum cycle analysis composite.
Do not compare shapes; only focus on market turning points, which occur on very similar dates.
 
Whether 2025 will follow a pattern similar to 1981 remains a topic of ongoing analysis. For now, attention is focused on the sharp market dip triggered by the December 18, 2024 FOMC meeting. The Fed announced a 0.25% rate cut, as expected, but tempered expectations for additional rate cuts in 2025, leading to a wave of sell-offs. This recent dip mirrors a similar decline that bottomed on December 11, 1980.

The difficulties of a transformative presidency are evident, as Reagan faced challenges in implementing his policies. Similar obstacles may arise for Trump, and even if his efforts succeed, there is a risk that investors could be overestimating their potential impact—much like the overoptimism seen in 1980.

Sunday, December 22, 2024

Cosmic Cluster Days | January 2025

Cosmic Cluster Days (CCDs) and financial markets do not display a consistent polarity or directional bias. However, swing directions, along with swing highs and lows—also within the 'noise channel'—may correlate with or coincide with market movements and reversals. 
 
Cosmic Cluster Day  |   Composite Line  |  Cosmic Noise Channel
= Full Moon | = New Moon
Dec 19 (Thu) | Jan 03 (Fri) | Jan 04 (Sat) | Jan 18 (Sat) | Jan 19 (Sun) | Jan 29 (Wed) | Feb 02 (Sun)
 
For previous CCDs, click [HERE]. For background on the author, the concept, and the calculation methods, click [HERE]. See also:
 

Thursday, December 19, 2024

Ap Index of Geomagnetic Activity and S&P 500 Returns | Lifang Peng et al.

Existing research provides strong evidence that geomagnetic activity impacts stock investment decisions by influencing human health, mood, and behavior. Using monthly geomagnetic indices and US stock market indices from the past 20 years, we found compelling evidence supporting a causal relationship between geomagnetic activity and stock market returns.
 
High AP Index, low stock market performance—really?
 
The results were robust, indicating that higher geomagnetic activity, which often corresponds with intense solar activity, is inversely related to stock market performance. In other words, when geomagnetic activity was higher, the stock market tended to perform worse.

 
 The semiannual variation of geomagnetic activity is linked to the interaction between the solar wind and Earth's tilted magnetic field, which typically causes increased geomagnetic disturbances around the equinoxes and lower activity around the solstices.
 

Tuesday, December 17, 2024

Strong Inverse Correlation between Ap Index and Gold Price | Vladimir Belkin

A strong inverse correlation (coefficient -0.7879) between the geomagnetic Ap Index and the gold price, with a one-year lag, is observed over 57 years of data.
 
 Strong inverse correlation, with a one-year lag—seriously?
 
Based on the results of his study, the author predicts a significant decline in the price of gold in 2024.
 

 Gold (weekly bars) – January 1 to December 17, 2024: +28%.