Martin Armstrong is the Founder and Chief Executive Officer of Armstrong Economics. He started Armstrong Economics in 2007 while he was still in prison. Inspired by letters he was receiving, Armstrong began producing research reports. He relied mainly on the Financial Times for information. He is an international economist most known for developing the Economic Confidence Model based on business cycles and pi. He has claimed to have predicted the crash of 1987 to the very day, as well as Nikkei's collapse in 1989, and Russia's financial collapse in 1998.