Killer Debt: Dubai, Greece, Spain -- Now the Baltics?
"Baltics Ready to Blow," said EWI's analyst three months ago.

This week, Fitch Ratings announced that “Latvia and Lithuania’s ratings are under pressure from the sharp deterioration in public finances.” They've also just cut their rating on Greek government bonds, and S&P cut its outlook for Spain's debt from to "negative." All that less than three weeks after Dubai defaulted on its debt through its subsidiary Dubai World. Should you care? Yes, says EWI's Jason Farkas.

More Inflation: The Easiest Call on the Planet

Despite the impressive brain power behind some financial gurus' calls for hyperinflation,  Elliott Wave International maintains the opposite opinion: that the world’s financial system is in the early stages of the greatest deflation ever.

U.S. Stocks: Eternal Question of the Spotless Sun

Update: On the Road to 33% Unemployment

As bad as we may think that unemployment is now, the bear market and deflationary depression we have entered are going to make it worse, says Bob Prechter in his latest Elliott Wave Theorist. How much worse?

U.S. Stocks: How "Undervalued" Are They, Really?

Many of main street's biggest economic soothsayers and scholars say the bear's end is in sight. According to a recent survey, "78% of institutional money managers believe the stock market is now undervalued." Stocks aren't cheap, says one of the polled. "Stocks are DIRT cheap."  Are they right?

Arsenic And Old Base Metals: Next Victim, Copper (VIDEO)
Another successful example of contrarian approach to market forecasting.

From its July 2008 all-time peak, copper prices have plummeted 60% -- leading the way in tthe worst base metals collapse since the Great Depression. As for seeing the red metal's reversal BEFORE it began, EWI's Senior Metals Analyst Mike Drakulich has the honor.

Can The Fed Stave Off Another "Great Depression"?

The Federal Reserve has fired more rounds on its bailout bazooka than Rambo in hopes of keeping the leading pillars of the U.S. economy afloat. This extension of virtually unlimited credit, says Bernanke, will stave off another Great Depression. Is He Right?

Update: Today is Not Like 1929! No, It's Worse

Ben Bernanke says that today's current economic and financial woes don't compare with the Great Depression in the late 1920s and 1930s. Too bad he can't see what Bob Prechter sees – that today's problems are actually worse.

Higher Fed-ucation: Will Rate Cuts Rescue The U.S. Economy?

Today is Not Like 1929! No, It's Worse

Now, with the Dow in decline and the current problems with Fannie Mae, Freddie Mac, and Lehman on the front pages, more people may want to know exactly what Bob Prechter has forecast for the U.S. economy.

Banks Need Therapy, Too
But maybe they shouldn't count on the couch

...a recent Atlanta Journal Constitution headline: “Therapists helping builders cope during housing slump.” The article explained how “Every builder seems to know a colleague swamped in debt, and a few know friends in the business who have taken their lives.” A year ago, few imagined that smiling builders talking on cell phones in big trucks would soon be seeking emotional support on therapists’ couches.

Did You Ever Think A Financial Crisis Would Feel Like This?
The credit crunch has already been more damaging than any of the financial crises of the past two decades.

A Non-Guarantee Put to the Test (part 1)
The Ballad of Fannie & Freddie

Once upon a time, the U.S. government created the secondary mortgage market. (During FDR's New Deal, if you're dying to know). With help from the agency known as Fannie Mae, this government creation grew tall and strong. What's more, the government held a virtual monopoly over its creation for several decades -- and after all, the market was its creation....

The Fed Can't Stop Deflation
Five rate cuts and $200 billion later, and the U.S. economy is none the richer.

Whether it's minutes from the most recent Federal Open Market Committee, excerpts from the latest beige book reading, or some suggestive cough or sneeze in between -- the mainstream media answers the call of the Fed’s voice like a cat to an electric can opener. History shows, however, that all the Fed has to say -- and do -- comes AFTER the biggest moves in U.S. economy have already taken place.