Publisher's Synopsis
This guide presents a simple strategy for futures investment centering upon the growth rate of the money supply. The book downplays such traditional indicators as employment rates, trade deficits, the value of the dollar, and durable goods orders.;Instead, the futures investor is urged to monitor Federal Reserve monetary policy, as this determines the growth of the money aggregates, thereby formulating an estimate of the status of the business cycle. While it cannot guarantee a profit on every investment, the book does provide an understanding of the real determinants of economic conditions and suggests a common sense approach to investing that will be rewarding over the long term.
