Jim welcomes back Martin Armstrong of Armstrong Econonics.com. Martin believes "capital knows something is wrong" and we’re past the tipping point of the debt crisis. He sees the crisis rotating from Europe to Japan and finally reaching the US, with devastating results. As to gold, he believes the best thing for gold would be a correction this year and a healthy period of consolidation, setting the stage for a launch higher as the debt crisis worsens.
ArmstrongEconomics.com offers a collection of research from Martin Armstrong, a world renown economist and the creator of the Economic Confidence Model, the author of the Greatest Bull Market in History, and founder of Princeton Economics. This web site is a resource to stay up to date on Martin Armstrong’s business accomplishments, legal battles, and views on the global economy.