Austrian economist and investment analyst Mark Skousen argues that the behavior of the stock market is more like a waltz, not a random walk. Based on his 40 years experience on Wall Street, writing an award-winning newsletter (Forecasts & Strategies), and teaching economics and finance at Columbia Business School, his new work applies the basic concepts of the Austrian school of Mises, Hayek, and Schumpeter to the exhilarating, volatile world of high finance.
O Why the “Austrian Indicator” does a better job of anticipating recessions and market tops.
O Why gold and silver have become superior inflation hedges since Nixon closed the gold window in 1971.
O How to distinguish between genuine prosperity and artificial prosperity.
O Are we headed for another stock market crash? Will the dollar collapse?
O Where is the next asset bubble?
O What are the dangers of the “gold bug syndrome”?
This book will help you become a better investor. It contains chapters on Menger, Böhm-Bawerk, Mises, Hayek, Schumpeter, Kirzner, and Rothbard. Plus chapters on Keynes, Fisher, Milton Friedman, and many colorful figures in the financial world.