Acknowledgements.

About the Authors.

List of Tables, Figures and Charts.

Introduction.

PART I: THE LIQUIDITY THEORY.

1 Types of Trades in Securities.

2 Persistent Liquidity Trades.

3 Extrapolative Expectations.

4 Discounting Liquidity Transactions.

5 Cyclical Changes Associated with Business Cycles.

6 Shifts in the Savings Demand for Money.

PART II: FINANCIAL BUBBLES AND DEBT DEFLATION.

7 Financial Bubbles.

8 Debt Deflation.

PART III: ELABORATION.

9 Creation of Printing-press Money.

10 Control of Fountain-pen Money and the Counterparts of Broad Money.

11 Modern Portfolio Theory and the Nature of Risk.

12 Technical Analysis and Crowds.

13 The Intuitive Approach to Asset Prices.

14 Forms of Analysis.

PART IV: EVIDENCE AND PRACTICAL EXAMPLES.

15 The UK Markets Prior to 1972.

16 The US Equity Market 1960–2002.

17 Two Forecasts.

18 Debt Deflation, Practical Experience.

PART V MONITORING DATA.

19 Monitoring Current Data for the Monetary Aggregates.

20 Monitoring Data for the Supply of Money.

21 The Different Sectors of the Economy.

Conclusions.

Glossary.

References.

Index.