Weiss Research Acquires Exclusive Distribution Rights for Economic
Data and Tools from the Foundation for the Study of Cycles;
Announcement of Alliance Viewed in Web Conference by more than 50,000 Worldwide
JUPITER, FL, June 30, 2009 — Weiss Research has formed an alliance with the Foundation for the Study of Cycles (the Foundation), a nonprofit organization founded in 1941 by Hoover administration economist Edward R. Dewey. Under the alliance, Weiss Research has acquired direct access and exclusive distribution rights for the Foundation's economic and financial data, tools and research.
The alliance will be directed by long-time Weiss Research analyst Larry Edelson and will enable Weiss to combine its proven forecast track record on financial institutions with the Foundation's interdisciplinary study of recurring patterns in the economy, in order to make more scientifically-backed forecasts of key turning points in the financial markets.
"Weiss can use this research to help better predict future turning points in the economy, the stock market, gold, the U.S. dollar as well as each and every security or commodity for which there is historical data," said Mr. Edelson. The alliance was announced today during a joint video web conference with more than 50,000 participants registered from around the world.
The Foundation's methodology was developed by Edward R. Dewey after the Great Depression and has since been utilized by a team of distinguished scientists who continue his research. The Foundation's research examines cycles going back to the 17th Century and has found longer-term economic cycles lasting approximately 20 and 60 years, with briefer cycles of 40 months. In recent years, the Foundation used its cycle research to help predict the stock market top in September 2007, as well as key turning points in gold, oil and the U.S. dollar.
"By simply recognizing the patterns of history, Dewey discovered a very simple reality — that in modern, industrialized nations, economic expansions and contractions occurred in regular, predictable patterns," said Richard Mogey, research director for the Foundation.
Martin D. Weiss, president of Weiss Research and author of the New York Times bestselling "The Ultimate Depression Survival Guide," added: "The Foundation has proven that the declines of the early 1930s and of this era were largely predictable, and had the public been better aware of the looming troubles, they could have prepared themselves and their families. With our new alliance between Weiss Research and the Foundation, we hope to enable consumers and investors to better protect themselves and make more prudent investment decisions."
Those wishing to view the free recording of Weiss Research's and the Foundation's joint webcast may log in at http://weiss.streamlogics.com/June30-12pm/. In this one-hour video, Richard Mogey presents the Foundation's three-year forecasts for stocks, gold, the U.S. dollar, oil and interest rates, while Larry Edelson provides seven investment recommendations to take advantage of the expected trends.
About Weiss Research
Dr. Weiss, along with Weiss Research analyst Mike Larson, specifically named nearly all of the major institutions that have suffered a financial failure in this crisis. Weiss predicted the demise of Bear Stearns 102 days prior to its failure, Lehman Brothers (182 days prior), Fannie Mae (eight years prior), and Citigroup (110 days prior). Similarly, the U.S. Government Accountability Office (GAO) reported that, in the 1990s, Weiss greatly outperformed Moody's, Standard & Poor's, A.M. Best and D&P (now Fitch) in warning of future life insurance company failures. (See the Weiss forecast track at http://blogs.moneyandmarkets.com/martin-weiss/the-only-ones-who-warned-ahead-of-time/ and the GAO report at http://archive.gao.gov/t2pbat2/152669.pdf.)
About the Foundation for Study of Cycles
The Foundation is the premiere international research and educational institution for the study of cycles, established in 1941 as a nonprofit corporation by economist Edward R. Dewey. It is dedicated to the interdisciplinary study of finding and analyzing recurring patterns, including those in the economy, as well as natural and social sciences. To date, more than 4,300 natural cycles have been documented with interrelated patterns.