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Martin A. Armstrong
Martin Arthur Armstrong (born November 1, 1949 in New Jersey) 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.
In September 1999, Armstrong faced prosecution by the Securities and Exchange Commission and the Commodity Futures Trading Commission for fraud. During the trial, Armstrong was imprisoned for over seven years for civil contempt of court, one of the longest-running cases of civil contempt in American legal history. In August 2006, Armstrong pleaded guilty to one count of conspiracy to commit fraud, and began a five-year sentence.
==Career==
At age 13, Armstrong began working at a coin and stamp dealership in Pennsauken, New Jersey. After buying a bag of rare Canadian pennies, he became a millionaire in 1965 at the age of 15.〔 After becoming the manager of his employer's store, he and a partner opened a collectors' store when he was 21. Armstrong progressed from gold coin investments to following commodity prices for precious metals. In 1973, he began publishing commodity market predictions as a hobby. As his coin and stamp business declined ten years later, Armstrong spent more of his time on his commodity business. In 1983 Armstrong began accepting and fulfilling paid subscriptions for a commodity market forecast newsletter.〔
Armstrong is mostly self-taught. His economic philosophy was influenced by his father, a lawyer whose grandfather had lost a fortune in the 1929 stock market crash.〔() The New Yorker 10.12.2009]〕 As a high school student, after being shown ''The Toast of New York'', a 1937 film about Jim Fisk and the Black Friday panic of 1869, Armstrong came to realize that assets do not linearly appreciate over time and that, historically, some manner of economic panic occurred every 8.6 years. After finishing high school, Armstrong briefly attended RCA Institutes (now TCI College of Technology) in New York City and audited courses at Princeton University but never completed a college degree.〔
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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