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(DRAFT)
Space -Time Forecasting of Economic Trends
June 1, 1967
Registered with the S. E. C.
M. B. Hasbrouck 319 East 50th Street, New York, N. Y. 10022 ... PLaza 81998 L. Hasbrouck
In today's world of electronic thinking, the STRUCTURE OF ECONO}ITC TRBNDS
is a part of modern life, independent of electric circuitry, bringing into action the
natural computer in every hUMan mind for the purpose of integrating the complex components
of civilization into a unified, understandable whole.
Technically, it is a WAVE PATTERI>J IN TIl1E of the changes in solar-electromagnetic
enereY, or field force, which is known by science to evoke response and reaction
from all living things and beings inhabiting the earth.
Historically, the rhythmic variations of the potential in these field forces are found
to be reflected in recognizable, psychological changes in people, which coincide with
the constant shifting of political and sociological environments that govern human affairs,
and create history.
Economically, it is a WAVE PATTERN of changing trends in collective instinct.
Its calculable indications go far tOHard clarifying answers to the ever-recu.rrent
questions asked by bankers, business men, fj.nanciers, politicians, and practically
everybody: Where are we? How did we get here? AND WHERE ARE WE GOING?
The Space_Time concept is neither fatalistiC, cyclical, nor mechani.cal. It discloses
an ORDER exist.ing within the perpetual change in human affairs that is the basis of life,
history,' and the growth of civilizations. The Space-Time Wave potential never repeats.
Every major wave, optimi.stic or pessimistic, is a new adventure in the advance of humanity
and the world. It is, perhaps, the nearest thing to a concept of FRJ:o:F.IXlH than anything
yet discovered. It indicates not only the reali.ty of evolutionary change; it anticipates
and evaluates each turning-point in econol'lic history. Through knowledge of its course
every individual is free to exercise his own will and judgment with certainty that he can
be, at all times, moving wl.th thetrend of human affairs and not against it. It is in
. this spirit that SPAC&-TIl1E FORECASTING OF ECONOMIC TRlDNffi has been developed and com-
municated and (since October, 1964) accepted and utilized by a group of thl.nking people
who formerly had been dissatisfied with available methods of economic forecasting.
WHAT IS FORECASTING?
Most people think of forecasting as the prediction of coming events, to be
accomplished (in economics) by the projection of current action trends in some
form of statistical data. But this concept deals only with records of events
that have occurred in the past, and events are the result of human actions.
Actions must have been preceded by thinking and planning which, in turn, had
origin!lted in desire. By the time the statistics are recorded, the first three
of the four natural stages of human creativity are apt to be largely forgotten.
The statistics stand out like a skeleton, devoid of pulsing blood, warm flesh,
and vibrating mentality. Statistical records, of course, are essential. But
it has been noted many times that expert analysts vary widely in their conclusions
when it comes to forecasting future conditions from statistical data alone.
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DRAFT S.T.S. Brochure 2
For successful forecasting, the four stage sequence of human creativity must
b\'l taken into account. THE SPACE-TUlE TREND STRUCTURE steps directly into the
filUng of this gap. It thro',s light on past conditions, when desire was rising,
. plans thought out, actions being taken. It presents a PREVIE'H of those future
environments in which the plans and actions in preparation will take shape in an
economic and world climate RADICAlIX DIFFERENT from either the present or the past.
SPACE-TUlE FORECASTING -_ A RECORD
The first Space-Time Forecast, published in an article "The Next Seven Years" (A.'llerican
Mercury, January 1959) stated that according to a newly-discovered pattern in time (not
yet named) a major, unprecedented HAW: OF PROSPERITY was gathering momentur'l and ;10uld
continue -- with interruptions, such as occurred in 1962 and 1965 __ into the early spring
of 1966. Follol-ling the crest and breakine-point of the Wave ,",ould come a period of chaos,
"durine; which many things, built up during the long approach to the prosperity peak, will
be destroyed, including the ;1ealth of nations, groups, and individuals."
Today, the world undoubtedly is in a state of chaos. Disruption has overtaken
India and China. All of Africa is in a turmoil. The mid-East is a seething
cauldron of unrest. Great Britain has d'findled from a wide-flung empire to a
small, lonely island. The Soviet world has weakened ra.dically from its former
assurance of world dominance. The United States, trapped in an um-ranted, and
possibly inflammable war, entangled in an international monetary web, threatened
by race riots and labor trouble, plagued by the worst crime wave in its history,
is faring no better -- in spite of goverrunent assurances to the contrary __ than
any other area in a world which has entered on a "time of trouble."
The record (see attached charts) indicates that the principles underlying the Space_Time
Structure are sound. As a Means for anticipa.ting changing trends in the stock market and
economic climate __ as well as revealing these changing trends to be a natural factor in
course of history __ the concept has proved its merit. It is, hOHever, new to most economic
thinking. A recent subscriber, too young to have known any environment other than prosperity)
asks to know More about the genesis of Space_Time Forecasting. when, and why was
it discovered and developed into H,s present useful form7
These questions are not to answer: the place, Hall Street. The
time, late 1930. The reason, a sense of bafflement (after ten years in the
financial arena) as to hOH the 1929 crash had come about, as well as its various
predecessors, dotted along the course of the past century. All these, according
to the records, had arrived like storms out of the blue, for no reason that was
apparent at the time. Could they have been anticipated7 And, if there were more
of them to come, was there any method to be discovered by which they !U be fore-
cast, and prepared for7
The process of discovery began '-1ith an exhaustive of economic fundamentals, and of
technical methods in use at the time, which might lead to the desired end. But no clear
concept emerged until, after several years of trial and error, the study was expanded to
include the science of TTI1E ITSELF.. This led naturally into the realm of modern field
physics and the space_time continuum. Such a synthesis brought the Space_Time Forecasting
of Economic Trend Change not only into immediate application to economics and the stock
market, but placed it in its natural classificiation __ and named it.
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S.T.S. Draft of Brochure
3
What had been discovered was -- as historians have suspected, but never
proved -- that there is an orderly, comprehensive TUIE PATTEfu'll OF SEQUENCE in
world and economic history. Its critical turning-points in time are predictable,
and they invariably coincide with fundamental change and expansion __ "giant steps"
in human thinking and aspiration. This conceptual synthesis brings the Space_
Time concept to the very forefront of modern t.hinking, not only in science, but
in everyday life. It shows, too, that in this fast-moving electrical world, the
former tools of any any trade (including economics) need to be sharpened, for
current use, aga;.nst the whetstone of what recent scientific writers call "The
New Hypothesis" which, they tell us, relates life and mirrl to concepts of science
and daily experience. Earlier, Einstein definedltbe-concept more simply by saying
that everyth:i.ng of which aware is electrical in nature.
But where do these new hypotheses fit in with economic forecasting? This question
itself in the fundamentals of the Space_Time Structure. If, as noted, events
are the result of actions, arisJ.ng from thinking and planning, preceded by desire,
what before the desire?If everything that happens has its origin in the minds
and hearts of men, what is it that 110VES their minds and hearts? Even the wisest of
thinkers have been unable to answer this, but the Space_T:i.me Structure reveals the simple
truth that history moves, not haphazardly, nor in CYCles, but in WAVES __ t.hat is, in
wave action which, in every discipline of modern science, is known to be the basis of
all motion and change, from galaxies to at.oms and electrons. Today's space wizards have
demonstrated, through the NASA satellites, that the "space" between the earth and the
heavens is in reality a great reservoir of ENERGY, electric, magnetic, eternally (and
still rnwsteriously) changing in potential. No one knows what electricity is, but men
have learned some of its laws and how to use them. From this knowledge, the great,
vibrant, sun-centered region in which actnally live has come to be called
THE FIELD.
It is beginning to be believed by forward-looking scientists and thinkers
that the forces in the FIELD can, and do, affect all living things on earth.
This concept has been in process of development for nearly forty years; the
first research in the matter of force-fields affecting earth life was carried
out. at Yale, by Dr. H. S. Burr and Dr. F. S. C. Northrop. The Space-Time
structure work -_ which includes a ten year record of accurate forecasting of
field-force disturbances .su.ch as solar nares and geomagnetl.c storms __ is,
the only direct application of this ultra_modern concept to human
affairs at the practical level of everyday life, business, financial, and
socio-economic.
The Space_Time Forecasts are concerned primarily with the overall trend
the economic climate as a But separate segments of the econornw, such as the
stock having a life of their own, follow individual wave trends which function
within the longer range Wave Pattern. Correlations of these two patterns calls for
considerable skill. While Space-Time Forecasts give clear warning of coming critical
periods relative to stock market act.ion, it is recommended that at these periodS, traders
should study, as well, whatever technical tools they prefer for closer timing relative
to special stocks or groups. There !?re many experts in t.his latter field, but feu (if
any) with the capacity to project, and evaluate major market turns in advance, as was
done through the Space_Time Structure prior to Nay, 196.5, and again well ahead of
F;;bruary, 1966, the DJIA made its historical high shortly before the indicated
breaking-point of the major prosperity Wave uhich had been forecast (from October, 1964)
for late }mrch, 1966.
M.B.H.
L.H.
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No.2
THE FUTURE THAT SHAPES AND THE
by James L. Praser
Wells, Vermont 05774
July 1966
This it-> the of i..l. .series of reports in an effort to improve comrr.unication between L:xtrilOrJinary rc-
s(;,ln:h efforts and our rcadl!rs. We still have in minu a venture which may become part of, or an auxiliary to, our
regular I,CUeff>. Thl::; report is my explanation of the work of Muriel Bruce Hasbrouck and Louis lIasbrouck. an
intelligent hUnband and wife team doing independent research in forecasting economic trCjlc!I'i, For more c,omplctc
lI1(unllatlllll I'lc""o contact the 11""hl'ouck" at 319 Eust 50th St., New York, New York 10022. (phune 212-I'L8-1998)
Muriel Bruce Hasbrouck, Canadian born, has Jone graduate study in comparative philosophy, is the author
of "Pur:-;uil of Destiny" - a study of indiVidual personality - and discovered in 1940, with Louis Hasbrouck. a pre-
dictive inJcx for timing periods of radio transmission disturbance (first tested with Bell Telephone Luooratories).
later developed to include the time of major earthquakes, volcanic eruptions, solar flares, and geomag-
neLic storms. Recently, in 1-961-62, this predictive index was used to forecast missile failures in launching.
Louis Hasbrouck, American born and Yale educated, was an Air Force pilot in World War I and an Air
force officer in World War II. In the 1920's he learned investment and finance with Bonbright and Company, later
becoming an independent investment counsel. Beginning in 1930 he took up the task of finding OUt (a) what makes
markets fluctuate, and (b) what natural laws, if any, are at work behind the phenomena of changing economic
trends. .
The Space -Time Structure
"Scientific reasoning is completely dominated by the presupposition that mental funct-
ionings are not properly part of nature. "
- Alfred North Whitehead
"The IT.ore I puzzle over the great wars of history, the more I am inclined to the view
that the causes attributed to them .. were not the root causes at all,. but rather explana-
tions or excuses for certain unfathomable drives of human nature. "
-' Senator J. W. Fulbright
BACKGROUND AND RECORD. " In order to find Out what makes markets fluctuate and what makes people behave
the way they do, .. a principle of causality for economic fluctuation and for human behaviour is needed. Space-Time
Dynamics is the Hasbroucks' answer.
In brief, there appear to be orderly, though unseen, waves of changing energy within our Solar System.
The Hasbroucks have established that the crests and troughs of these energy waves can be timed, that they co-
incide with major turningpoints in economic history, and that these, in turn, coincide with changes in public
moods. As good contrarians know, economic changes arise from how people feel but no statistical way has been
found to anticipate a change in public motivations.
What is Space-Time? As utilized here in forecasting trend changes, it is taken to be interplanetory space
- the electromagnetic field of the Solar System. The radiating forces of the sun pervade space in rhythmic mo-
tions, and'the regUlar passage of the planets through this space leads to changes in the earth's magnetic field which
in turn, affects all forms of life. These field-force variations can affect people everywhere, at the same time.
Even today, serious research in this area is discouraged, as any method of timing that involves the Solar
System is confused with astrology. To the Hasbroucks' knowledge, no full investigation of astrology had been made
until they undertook it. They re-studied scientific history and found what they were looking for in the relativity of
modern physics, measurable according to principles of mathematical astronomy.
The current forecast is reproduced belowjn chart form with the last peak at "e" corresponding in Space-
Spooe-Time I'onca&IlnII of Eeonomic TmnIa

G
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,..,.. Yine Years ""'I _
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Cop)'Tllhe 0 1964 by H.B. _Old L. H .. brO<oc.k
Each :: wave is divided into 12 periods, covering aoout 3 years each. The C.to 0 period represents uncertainty and fear
(as in lY;)tJ-1933). 0 to E brings temporary recovery (as 1936). F to G is a time of reconstruction wherein psychological
factors of the new trend aooear (as 1940-1953). From G the pull from the peak ahead at C is clearly evident. Minor adjust-
. menta at A and B often are misread as threatening a depression (as 1957 and 1962). For further information contact the
__ "" __ _1. __ .. 'lln e ........ 1Oll .. 1. <:.. lIJ v lIJ V
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Neill Letter of Contrary Opinion page 3 March 31, 1965
KNOWLEDGE AND UNDERSTANDING OF OUR OWN BUSINESSES Too often we believe that
knowledge of our own business environment is sufficient for dealing with any economic crisis.
The ability of the American business community cannot be questioned. But this
ability cannot be equated with unending prosperity. Too often in history the shrewdest
thinkers have been trapped by changes in direction which suddenly interrupt current trends.
My interest in this phenomena has led me to visiting with Muriel Bruce Hasbrouck and
Louis Hasbrouck, an active husband and wife team doing independent research in forecasting
economic trends. They have come up with a predictive technique that is, as they say, "as
fundamental as Contrary Opinion and closely related in concept."
1Ipa. TIme fao ..... " &anoaIt,......
CyeUc "':"n. lD Space-Ti ..




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Each cyclic wave is divided into 12 periods, covering about 3 years each. The C to D period represents un-
certainty and fear (as in 1930-1933). D to E brings temporary recovery (as 1936). F to G 1s a time of re-
construction wherein psychological factors of the new trend appear (as 1940-1953). From G the pull from the
peak ahead at C is clearly evident. Minor adjustments at A and 8 often are misread as threatening a de-
pression (as 1957 and 1962).
The Hasbroucks continue. from empirical knowledge that all economic change
(in a free economy) is the result, not of events, nor of political actions, but of how
people feel -- their desires, motivations, and demands -- the Space-Time Forecast evaluates
and dates the next inevitable 'shift' in economic climate. It tells you not only when,
but how this coming change will undermine the economic structure."
Many methods try to tell you when. The indicator approach tries this. But the
how has escaped most of us. "The Space-Time principle is based on a qualitative rather
than a quantita ti ve, or statistical approach." It is an approach dealing with the under-
lying forces of change. It traces effects to causes. The following points warrant atten-
tion. (For further information write the Hasbroucks at 319 East 50th Street, New York, N.Y.)
1. "All economic changes coincide with the increase, or the lessening, of public confidence."
The way people feel influences trends.
2. However, "no way has been found -from the statistical approach - to anticipate a change
in the public mind." There is no mechanistic formula.
3. The Space-Time principle does predict changes in consumer behavior based upon waves of
energy change in mass psychology.
4. The crests and troughs of these energy waves can be timed and are found to coincide with
major economic and historical turning points.
5 History shows every prosperity peak is followed by a trouble period. This does not mean

calamity. It does not mean great depression. It means a reorientation of

irection a4 all times of troubles have led to new evolutionary waves.
6. T e quality of each energy wave induces a different psychological climate and thereby
different human responses. To illustrate, the 1929 energy peak was dynamic, with
violent responses. The peak approaching us seems different. It will induce, according
to the Hasbroucks, a sense of apathy throughout the world.
Already fear of involvement is spreading throughout society. Insofar as decisions
are political today, what showed up as economic loss 35 years ago might this time be ex-
pressed in further loss of individual freedom and gain of government control.
Yours for less apathy and more empathy - J.L.F.
Wells, Vermont
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Time to 19()6. The average tunc-between peaks is 35.8 years and history shows that after each peak there follows
a "time uf troubles" Juring which a totally new attitude develops in human consciousness which will predominate
througbout the period th<.lt follows.
In effect, the llasbroucks are saying that <;hanges in economic trends follow the changing attitudes of
people which, in turn, arc tuned to the changing and measurable forces in the "field". More simply, the psycho-
logical climate is affected by force' ,,,eh as those familiarly known as gravity and geomagnetism.
Philosophically speaking, we conceive history as having direction. Change is real and there is a guiding
order in change. Creative experimentation can discover future trends. A flash insight may be worth all the avall-
"ble statistics. The creative geniUS in a painter or composer is the realization of future trends before they are
visible. Often. a man's life aml'work is damned or redeemed after his death when the future confirms or casts
aside his efforts.
TilE SPACE-TIME STRUCTURE ... it is qualitative and not quantitative. The difference is shown thusly. A
prediCtion is a factual statement based on recorded facts of past performance, synthesized and projected accord ..
ing to whatever technical or analytical methods the predictor prefers. On the other hand, a forecast is a teleological
picture in time and space. It is hascJ not on past events but from future developments ..
This concept is a real Contrary Opinion - the future is the determiner of the present and the present is
the determiner of the past. Teleology implies a pull from in front which influences current actions. An illustra-
tion is in embryology where you can understand the earlier stages, beginning with a cell, only by reference to the
fUlure comple(ed human being.
Moreover, Space-Time seems more reliable than accepted theories which believe the future can be pro-
jected from present day stdtistics. The Hasbroucks, in an article entitled "The Next 7 Years", published in
January, 1959 defined the general Structure accurately. They stated an uncertain period would end in 1962 (with-
out predicting Kennedy's steel crisis), and said that June 1965 would give a preview of the top (without predicting
Martinis speech) .. In this conneqcion, wave energy intensified whatever moods, motivations, and attitudes were
upp<;,rmost at the mOment in mass psychology. This intensification of wave energy is what the Hasbroucks fore-
cast.
If you can get advance timing of trend directions ahead, the socio-economic framework may be better
gauged. History, in terms of conditions, never repeats. Nevertheless, a sociologist working in his speciality
ought to be better prepared for race riots and urban living pressures. An investment analyst may think more
creatively about securities. Politicians may start new trends. To illustrate, does Reagan in California, re-
present a coming development?
Space-Time is an early warning system, worth even more lead time than Contrary Opinion. Today the
downward wave is at a more leisurely pace than 1929 due to Federal Government determination and the improved
quality of change that is throwing aside established ways and customs in developing nations. Important deter-
minants may include: 1. A pop'ular trend toward peace and against war as this wave sequence is similar to that
which brought the Thirty Years War to an end in 1648. 2. Apathy and indifference are paramount now versus
panic in 1929. 3. The time is right for a change in international monetary structures, with a solution likely.
4. Escalation of centralized power and where will it end? 5. Does the peak of inflation come with the peak of
centralized government? 6. Is freedom now picking up or, as Cromwell the dictator was followed by peace.
with a monarch, are we in for a period of The Coming Caesars?
I
IN CONCLUSION ... A. Remember the wave crest that ended in 1857 climaxed the great boom which began with
the 1849 California gold rullh. The trouble period ushered in a change from an agrarian to an industrial economy.
B. The wave crest in 1893 was followed by the era of the banker with big trusts and new industries. C. The
1929 crest showed a loss of confidence which bred fear and a dependence on rules, ushering in the era of poli-
ticians. D. The 1966 crest will, in turn, evolve into another way of thinking. The science administrator may
be the man of the coming period.
Moreover, such change does not have to be a calamity. What occurs is that everything we don't need
in the coming period is eliminated. From this orderly proceedure of evolutionary change, seemingly more
nerve racking than ever before, may come a happier way of living. And stocks, as ever, will fluctuate. New
opportunities, with Comsat an example, will become visible.
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James L. Fraser
P.O. Box 494
Burlington, VI 05402
802- 658 - 0322
Space-Time Forecasting
Harriett H Higginson
P . o. Box 2772
Setauket, NY 11733
516 - 941 - 4084
THE SPACE-TIME STRUCTURE is the outcome of a search, over many years,
for a reliable method of forecasting changes in the economic climate.
Its discovery revealed an orderly pattern of TIME which has a natural,
inherent linkage with changes in what is known as psychology --
the dominant, activating element in all trend change. Because of
this linkage, indications for the future can be laid out in advance,
forecasting those changes in the economic climate that will affect
stock prices, business trends, ::lnd overall l;-'lorld conditions.
Many analysts recognize the importance of mass psychology, but they
usually consider it as quantitative, a matter of statistics, from which
they create a "confidence index". It was left for the Space-Time dis-
covery to prove not only that mass psychology is indeed the dominating
force in economic evolution, but that changes in its potential result
from invisible, but subtly tangible field forces constantly at work
affecting human reactions, motivations, and desires. These forces are
and because of their linkage, through TIME, with the human
scheme of things, their modulations can be anticipated and interpreted
through knowledge of the order of the Space-Time Structure.
THE SPACE-TIME FORECAST IS A FORECAST. It brings you first a compre-
hensive preview of coming conditions, changes, and developments in U.S.
and world economic and political affairs, together with an illustrative
Space-Time Graph, showing the extent and direction of the trend through
which the economy is passing. This is implemented by a series of
Interim Letters, at frequent intervals, interpreting current events and
market conditions in the light of the Space-Time viewpoint. These
Letters reach you in plenty of time for action to be taken either for
profit, preservation of funds, or -- perhaps most vital in the coming
months -- to prepare you for taking advantage of future opportunities
for profitable action.
The Space-Time Structure is the most reliable source yet discovered that
can provide in advance the timing and potential of these inevitable
changes in the economic climate.
THE SPACE-TIME STRUCTURE brings a totally new element to economic
thinking and forecasting. It restores the teleological approach --
that is, the science of looking at the future as something that is
already there, as if exerting a "pull from in front", waiting for
humanity to catch up with it. This eliminates the usual uncertainties
of predictive systems that are based wholly on attempts to project the
future from current statistical facts, without knowledge of changing
economic climates.
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TilE SPACE-TUIE VIEWPOINT provides a better understanding of WHY
things are happening the way they are, making possible a logical
appraisal of how special interests, as well as general conditions,
may be affected by the trend.
Our ...w forecast and hypothesis on how Space-Time functions is
available for $50. A. full year's subscription to Space-Time
monthly forecasts is $300. The 1984 annual forecast will be
included free with the annual subscription.
YES - Send me your January Forecast $50.00
YES - Enter my subscription to Space-Time to
include January, Forecast and monthly
updates $300.00
Name
Address
City
Business Affiliation:
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