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It's High Noon for the Fed

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"On one end of the dusty street stand five outlaws: the Federal Reserve, the Bank of Canada, the Bank of England, the European Central Bank and the Swiss National Bank. On the other end of the street stands the monster that they created and nurtured in their global lab. The outlaws have opened with a barrage of bullets. But the only bullets they have are made of the monster's very substance: debt. Every bullet that hits him only makes him stronger. And now the monster is beginning to draw his gun, and it's a bazooka. He is taking aim. The monster is about to overcome his makers."
– Bob Prechter, The Elliott Wave Theorist, December 2007

Prechter pulls no punches in his brand new Elliott Wave Theorist. He continues his frank analysis of the debt crisis and critique of the Fed's failed attempts to inject liquidity and "rescue" the financial markets. Bob's devastating presentation shows that throughout its history, the Fed has NO track record of stimulating consumers to spend, creditors to lend or corporations to borrow.

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About Elliott Wave International

Founded in 1979 by Robert R. Prechter Jr., Elliott Wave International (EWI) is the world's largest market forecasting firm. Its staff of full-time analysts provides 24-hour-a-day market analysis to institutional and private investors around the world.