Contract Conversions At Princeton, most forecasts conducted on futures markets are done on a “nearest futures basis” which means the most current contract month. For example, there are four contract months for the IMM currencies; March, June, September, and December. We base our forecasts on the nearest contract month until it actually expires. Since traders […]

The Reversal System One of the most important discoveries made at Princeton concerning economic and market behavior is that the market system is a dynamic complex network of nonlinear activity possessing an incredible degree of inherent order. The seemingly random appearance of price activity is merely a mask that hides the true nature of events. […]

A Continued Era of Deflation or A Premature Expectation of Inflation? © Martin A. Armstrong Economists and analysts argue that double-digit inflation is something of the past – a freak of nature that took place during the Carter years of the mid-70s. On April 19th, 1993, Alan Greenspan (Chairman of the Federal Reserve) made a statement […]

The Rise & Fall of the Consumer Price Index © Martin A. Armstrong It is often said that beauty lies in the eye of the beholder. Oddly enough, the same can be said of inflation. You will undoubtedly read headlines which state that inflation is under control. You will also read of analysts who continue to […]

The Little-Guy Syndrome © Martin A. Armstrong Private investors always seem to suffer from the little guy syndrome. Far too often they are told that the professionals, institutions and financial wizards know more about the markets than the little-guy. As such, the proper thing to do is just shut-up and follow their lead. Interestingly enough though, […]

Trading the Reverse Pyramid © Martin A. Armstrong If you had to reduce the movements of all market and economic activity down into a single solitary influential explanation, the one single word which I would chose to describe such a force would obviously be CONFIDENCE! At first, you might be moved to take exception to this […]

The Reversal System: A 20-Year Case Study Theory-Design-Implementation © Martin A. Armstrong Perhaps the most important discovery made here at Princeton was the simple fact that market price and economic movement is anything but random. This is a very powerful statement because you will be hard pressed to find many who would agree with us on […]

How to Hedge Real Estate © Martin A. Armstrong Hedging real estate always offers a few new problems. Some will argue that buying gold will provide an adequate medium to hedge against a collapse in real estate. Such suggestions usually tend to draw on 1929 as an example. As usual, suggestions of this sort know a […]

Ludwig von Mises 1881-1973 Ludwig von Mises was an Austrian-born economist. Taught at the University of Vienna until the Nazis came to power. He became a naturalized US citizen in 1946 and taught at New York University from 1945 until his retirement in 1969. Mises did some important early work in monetary theory, but is […]

Henry George 1839-1897 Henry George was an American economist and politician. Famous for his campaign for a single tax on the land values derived from rent. He believed that rents were received by landlords at the expense of workers and business interests, and that this caused poverty and reduced the level of investment in the […]