After earning his Master of Arts (Honors) degree in economics, Murray entered the fund management industry in 1991. He quickly realized that textbook descriptions don't apply to real-world markets, which in turn led him to technical analysis and the Elliott Wave Principle. He worked for several firms as a fund manager in global bonds, currencies and stocks, including long posts at Standard Life Investments and the Abu Dhabi Investment Authority. Murray then joined HSBC Bank as Head of Technical Analysis. A published author (Trading Regime Analysis), he has served on the board of the Society of Technical Analysts (UK), and delivered lectures on the Elliott Wave Principle to students at the London School of Economics as well as Queen Mary University and Kings College London. A founding member of the Socionomics Foundation, Murray believes that social mood is the driver of economic activity and the cycles of inflation and deflation. He sees broad similarities between the Austrian School of Economics (the writings of von Mises, Rothbard and Hayek) and the cyclic views expressed by Charles Dow, R.N. Elliott and Hamilton Bolton. Watch for Murray's commentary on deflation.com and in Elliott Wave International's publications European Short Term Update, Global Market Perspective, Interest Rates Pro Service and Currency Pro Service.