Today, foreign exchange portal FXStreet has announced that the Forex Person of the Year for 2015 is economist and financial strategist Martin Armstrong. The winner has developed a computer model based on the number Pi and other cyclical theories aiming to accurately predict economic turning points.
He is the key person behind the “Princeton Economics International” think tank and the Armstrong Economics research company. Throughout financial markets circles, he has been acclaimed for accurately predicting the crash of 1987 to the very day. For the foreign exchange industry, his notable contribution is that he called the end of the Swiss franc peg in May 2014.
In his blog post he compared the prospects of the peg of the euro to the Swiss franc holding to the dropout of the British pound from the European Exchange Rate Mechanism (ERM) in 1992. That Black Swan was the first major victory for hedge fund guru George Soros.
Mr Armstrong stated in his article: “We will see the same crisis hit the Swiss franc peg to the euro. Devaluations take place BECAUSE currencies must be fluid.”
FXStreet has been undertaking to honor a foreign exchange industry person of the year since 2011, when the award was claimed by the CEO of Finance Magnates, Michael Greenberg.
FXStreet has taken the opportunity to interview Mr. Armstrong on a variety of topics relevant to financial markets traders, and the video is available on the website of the news portal. Mr Armstrong is also acclaimed for developing a theory (related to the Pi number) that has been recently recognized and accepted by none other than the “Market Technicians Association”.
