While turmoil abounds in Europe and Germany resists writing off Greek debt and previous holders of Greek debt squawk about taking a second haircut, Moodys actually upgraded the Philippines. The Indian market has a Double top and looks more like the early stages of Japan in the mid ’80s preparing for an explosive rally. As the West […]

Apology By Plato Translated by Benjamin Jowett Socrates’ Defense How you have felt, O men of Athens, at hearing the speeches of my accusers, I cannot tell; but I know that their persuasive words almost made me forget who I was – such was the effect of them; and yet they have hardly spoken a […]

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 […]

Copyright Martin Armstrong All Rights Reserved October 13th, 2012 The Risk of Low Interest Rates Analysis is dominated by simply opinion and therein lies the problem. Economics has become nothing like a science. In physics, one observes and then determines the “LAWS” as to how the universe functions. In the field of Economics and Finance, […]

The most serious problem we face has been the Marxist-Keynesian presumption that government is even capable top manipulating the economy. Paul Volcker in his 1979 piece Rediscovery of the Business Cycle, address this nonsense stating that effectively the collapse in the Gold Standard that was followed by the 1974-1976 Recession defied this notion about “New […]

 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 […]

Asia – The Coming New Financial Capital of the World   One of the most significant advantages of gathering historical information on the rise and fall of nations throughout history, has been the discovery of the true nature of the world economy and its interactions with mankind. Nothing lasts forever. There are four seasons to […]

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 […]

Singapore just passed on Friday the most interesting deleveraging Act targeting the housing market of any country in history. In a move that took the world by surprise, the Government of Singapore has introduced new measures as of Friday designed to deleverage  the property market and stop home buyers from over-extending themselves to temper and control […]

Tensions Continue in Greece Tensions in Greece mounted over Greece’s impending need for more financial aid and its plan to make additional budget cuts in order to qualify for aid.  Both internal and external pressures are squeezing the Greek government.  Hundreds of thousands of Greek workers staged a strike Wednesday to protest the anticipated new […]