Martin Armstrong is an American economic forecaster and convicted felon. He was born on November 1, 1949 in New Jersey, United States.
Martin Armstrong Net Worth
Martin Armstrong’s net worth is estimated to be around $5 million. He is an economic forecaster who made predictions about the economy including the GDP, inflation rate, unemployment, etc. A part of his net worth is from this career.
Armstrong is the Chief Executive Officer of Armstrong Economics based in Maple Shade, New Jersey, USA. It aims to help people and organizations understand his unique perspective on the various underlying trends within the global economic community.
Armstrong Economics utilizes the The Economic Confidence Model (ECM) for analyzing the global economy. It is a trusted model that has predicted major economic events.
They also sell or offer their own products and services which include seminars, DVDs, reports, and public blogs.
He also founded Princeton Economics International where he served as chairman of the board from 1980 to 2014. It was a former leading multinational corporate advisor with offices in Paris, London, Sydney, Tokyo, and Hong Kong.
Martin Armstrong was born on November 1, 1949 in New Jersey, United States. There is not much available data about his family. After completing his secondary education, he then went to RCA Institutes (now called TCI College of Technology) in New York City. He also took courses at Princeton University but did not get a degree.
When he was 13 years old, Martin started working at a coin and stamp dealership in Pennsauken, New Jersey. At 15, he was able to purchase a rare collection of Canadian pennies that would have made him a millionaire if he just sold them immediately. Unfortunately, the value crashed.
He became the manager of his employer’s store at 21 years old. He then opened a store for coin and stamp collectors, with a partner. Armstrong started investing in gold coins then progressed to following commodity prices for various precious metals and antiquities.
In 1973, Armstrong’s coin and stamp business failed. He then moved on to publishing commodities market predictions as a hobby. He focused his time and attention to it, and in 1983, he launched a paid newsletter.
He traded under different business names including Princeton Economics International, Princeton Economic Consultants, Inc., Economic Consultants of Princeton, Inc., and Armstrong Report, Inc.
He stated that his economic philosophy was greatly influenced by his father, a lawyer, whose grandfather had lost a lot of money in the 1929 stock market crash.
Martin Armstrong founded three corporations for the distribution of commodity services – Princeton Economic Consultants, Inc. (PEC), Economic Consultants of Princeton, Inc. (ECP) and Armstrong Report, Inc.
The corporations provided consultations, seminas, written reports, account management services, among others.
In1987, Armstrong was invited by the Brady Commission to share his thoughts on the 1987 market crash which he predicted to the precise day using his computer models.
Armstrong Economics uses the Economic Confidence Model or Pi Cycle. It theorizes that economic waves occur every 8.6 years or 3141 days. He was invited by the United States House Committee on Ways and Means for his views on global capital flows in 1996. Many other banks invited him for his opinions.
In 1985, he violated Commodity Futures Trading Commission regulations by failing to register the documents as commodity trading advisor. In 1999, Japanese fraud investigators accused Armstrong of collecting money from Japanese investors, which US prosecutors called the 3-billion dollar Ponzi scheme.
Martin Armstrong Relationship Status
Armstrong is divorced but has two children. There is not much information about his relationships.