September has proven to be the highest monthly closing. The correction is under way and the Reversals have been performing as usual. January is shaping up to be a major turning point in many markets. All of Asia has been percolating preparing for what appears to be a major Directional Change in 2013. Japan may prove to […]

Copyright Martin Armstrong All Rights Reserved 10/15/2012 The Rising Tide of Currency Protectionism The Currency War The front page of the Straits Times for Monday October 15th read: “Emerging economies lash out at US stimulus” Indeed, Bernanke yelled at these economies saying they should let their currencies rise to fend off the capital inflows to […]

http://www.whitehouse.gov/omb/budget The President’s 2013 Budget is out and it should be stated that there is no forecasting ability incorporated in this report. The projections are based on the assumption that what is in motion stays in motion. So the increase in interest expenditures that they freely show here will exceed all nondefense spending in the […]

 The Iranian Rial The Iranian Rial has come under tremendous pressure. Internally, the currency is depreciating in purchasing power at an astonishing rate. Internationally (illustrated here), the Rial has fallen generally to the 123.50 level from the 79 to the dollar level back in 2003. Internally, the Rial has just suffered one of the most […]

July 18, 1996 Testimony of: Martin A. Armstrong Chairman Princeton Economic Institute 214 Carnegie Center Princeton, NJ 08540   Mr. Chairman, members of the committee. I would like to thank you for inviting me here today to offer what information PEI has gathered from our experience in dealing with the multinational corporate and institutional sector […]

One of the primary mistakes that the Federal Reserve is making has been to follow the same policy of Japan with exceptionally low interest rates. While the theory that lower interest rates will stimulate borrowing, the false assumptions are many. (1) banks will pass on the savings, (2) they ignore the devastation imposed upon the […]

In an interview with Michael Diekmann, international head of global Allianz insurance concerning their investment strategy, he states publicly that they now avoid sovereign debt for any new investment! Handelsblatt Morning Briefing <Handelsblatt_Morning_Briefing@kompakt.handelsblatt-service.com> This is demonstrating what we have been warning about. This is what ALWAYS takes place in such a economic crisis that we […]

Germany’s Top Court Gives Green Light Germany’s top constitutional court, as expected, rejected efforts to block a permanent Eurozone rescue fund.  They dismissed motions that sought to block the European Stability Mechanism but did rule that their contribution of $240 billion could not be increased without legislative approval.  Germany was the last county to ratify […]

  Copyright Martin Armstrong All Rights Reserved September 13, 2012 QE3 Confirms The Economic Implosion There is little doubt that the economy will not recover any time soon and QE3 proves that trend is in motion in addition to it being election time. The push to hunt down capital on a global scale is creating […]

The Disappointing jobs growth showing poor figures boosted optimism that the Federal Reserve will act to stimulate the economy next week. The nonfarm payrolls report, which showed job growth of only 96,000 last month, came a day after bold action by Europe to stem the debt crisis drove the US share markets higher with the […]