from King World News:
With continued turmoil in global markets, King World News interviewed internationally followed Martin Armstrong, Founder and Former Head of Princeton Economics International, Ltd.. Armstrong’s firm rose to be perhaps the largest multinational corporate advisor in the world. When asked what to look for going forward, Armstrong told KWN a fascinating account of what led to the ’87 Crash, “When Volcker raised interest rates to crazy levels, the discount rate up to 17% going into 1981, a tremendous amount of capital starts coming from overseas into the United States. So that drives the dollar up going into 1985 to a point where the (British) pound had fallen from 2.40 to par vs the dollar.”
Martin Armstrong continues: Read More @ KingWorldNews.com
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