Profiting from Monetary Policy Investing Through the Business Cycle [Hardcover]

The Financial Crisis has led to a decade of poor returns for pension schemes and lower retirement incomes. Credit-based investment strategies that track the business cycle, are allowing preservation of investors' capital. This book provides analysis and investment strategy plans to generate equity-like-returns with bond like volatility.Introduction The Great Moderation and the Unravelling of a Great Myth From Model Failures to Streams of Data The Problem of Credit The Vienna and Stockholm Schools: A Dynamic Disequilibrium Approach The Neo-Wicksellian Framework Testing Wicksellianism The Creation and Destruction of Capital Where are the Customer's Yachts? Post Script - Constructing Business Cycle Tracking FundsEndnotesBibliography

A fascinating new book - John M. Mason, Seeking Alpha

Thomas Aubrey, a credit analyst, argues that investors have been led astray by the belief that economic growth drives asset-market returns . . . instead, investors should focus on the credit cycle. - The Economist

Can modern-day Austrians use advanced financial techniques to more accurately predict a crash? U.K. financial consultant Thomas Aubrey has devised a method in his great new book . . . Aubrey focuses on the credit cycle as a way of determining whether to be bullish or bearish . . . It appears to be the first book-length effort to apply Austrian/Swedish finance theory. - Mark Skousen, Markskousen.com

This book is learned, witty and convincing. Mr Aubrey draws adroitly from historical data and the history of economic thought to discredit much of 'modern' macroeconomic thinking. Rather, he supports a 'Neo-Wicksellian' view that puts credit and leverage at the heart of serious economic downturns. His practical guidance to asset managers, hoping to profit from identifying emerging disequilibria, is an added bonus. - Dr. William White, Chairman of the Economic and Development Review Committee, OECD and former EconomlCš