I'm Not An Analyst. I Just Played One At the San Francisco Money Show

Long Wal-Mart, Short Liberty
When the government taxes one citizen on behalf of another, we are all diminished.

At some point, the burden of the U.S. national debt burden may result in a forced restructuring to avoid default. This restructuring will be on terms dictated to us by our creditors…one of whom is a communist regime. I wonder how agreeable those terms will be.

Why You Must Preserve the Money You Have

Here is some of Bob Prechter's latest thinking on why you need to preserve the money you have -- especially during a deflationary period such as we have just begun to experience.

"Deflation Will Catch Them All Off Guard"
"The next [Federal Reserve] chairman will have his own era."

On this day of Ben Bernanke's testimony in Washington, consider this quote from Bob Prechter's November 2005 Elliott Wave Theorist: "Like the entrenched belief in continued inflation, there is a widespread expectation of smooth sailing under Bernanke. With virtually everyone prepared for either good times or severe inflation, bad times and deflation will catch them all off guard." More…

Conquer the Crash Delivered Today's News in 2002
The forecasts in Bob Prechter’s best-selling book, Conquer the Crash, are coming true like falling dominoes.

The truly remarkable part of the story is how early he saw them. Bob described the ways that many dominoes would fall before some of them were even set up. His earlier book, At the Crest of the Tidal Wave was published in 1995, while Conquer the Crash was in 2002. This was years before the gathering storm became obvious to “Dr. Doom,” (the New York Times’ name for economist Nouriel Roubini) who described parts of the bursting bubble in 2006.

European Credit Crisis: Disaffirmation
Anyone on this list is fully engaged in disaffirmation.

It’s bad already. And it’s getting worse. Still, there are many who just don’t – or won’t – get it. The latter group is usually filled with politicians, too engaged in denial to fully grasp the fiscal and deflationary implications of this credit crisis.

No Country For Old Mania
How much did has the marketplace lost in the "coin toss" of high-risk mortgages? Try $400 billion and counting

The hunt for the guilty parties responsible for the housing and credit blood bath has begun as the world's largest economy has become No Country For Old bull market mania. Truth be told, the subprime mortgage industry was a marked man the moment it went mainstream, a fate our March 2005 Elliott Wave Financial Foreacst saw coming from miles away...

Does This Bear Have Legs?
Hibernation may be over...

It looks like a bear. We act like it's a bear. After a succession of booms and busts, this could finally be a Bear With Legs. Consider these reasons why...