The No-Eyebrow Look: More Than a Fashion Statement?
EWI says shaved brows show up in bear markets
Shaved eyebrows appear to be the latest trend in high fashion, but it has the all-too-familiar look of a bear market. “Gender-bending
is a classic trend that appears during times of bear markets, and shaving one's eyebrows is a way to blur gender boundaries
on the cheap,” says EWI's Brian Whitmer, who writes about the trend in the August issue of The European
Financial Forecast. Read more.
Prechter's Perspective:
Where are Markets Going and Why?
"Has the Stock Market Fallen Enough?" was the question Bob Prechter answered when he spoke to the Market
Technicians Association in May 2009. While updating the indicators from his 2002 book, Conquer the Crash, You Can Survive
and Prosper in a Deflationary Depression, he discussed the correlation between the stock market and the real estate
market; how the big change in social psychology is driving markets down; what to own now (safe cash equivalents);
and why the stock market is so volatile. Here are seven video excerpts from his speech:
Robert Prechter on Deflation: Recent Writings and Early Warnings
Inflation has been an economic bogeyman for so long that hardly anyone has worried about deflation -- except for one financial
forecaster whose forecast back in 2002 said deflation would visit havoc on the U.S. and global economies. In his New York
Times best-selling book, Conquer the Crash, You Can Survive and Prosper in a Deflationary Depression, Robert Prechter
wrote that we would eventually face a deflationary depression driven mainly by the reckless expansion of credit throughout
the world. These two "D" words were rarely written about at the time. Yet Prechter didn't stop in 2002; he continued
to warn about deflation in his monthly publication, The Elliott Wave Theorist. Here is a sample of his forecasts about deflation
Seeing
Through Overconfidence in Home Prices
While many analysts were jumping for joy about a report of bullish consumer
sentiment over home prices, Bob Prechter read it as a sign for a harsh
reversal to deflationary pessimism. Read
his viewpoint in this October 2007 Elliott Wave Theorist.
Forecasting
the Failure of Financial Institutions
Long before the collapse of well-known investment banks and insurance
companies, Bob Prechter foretold such a collapse in the June 2006 edition
of The Elliott Wave Theorist, advising that investors find
a safe harbor in cash. Click
here.
An
Early Warning: “Most of the World is on the Cusp of a Great Deflation”
Three years after the debut of his book, Conquer the Crash,
Robert Prechter plainly and provocatively reiterated his case amidst
the continuing pile-up of American debt. Click
here for an excerpt from his August 2005 Elliott Wave Theorist.
How
the Fed's Deflation Forecast Could Be So Wrong
Six years ago, the Federal Reserve called the odds of deflation "extremely
small" and assumed that it could easily curb such a threat. Bob
Prechter said its assumptions were flawed -- and now those flaws become
more visible by the day. See why Bob believes investors can’t
be expected to respond rationally to banking changes in this excerpt
of his January 2003 Elliott Wave Theorist. Click
here …
Easy
Credit Leads to Deflationary Collapse
In January 2003, Bob Prechter set the record straight, regarding the
causes of Japan’s deflationary disease in the "Lost Decade"
of the 1990s. He also saw parallels with the growing credit bubble in
the United States. Out-of-check credit — not low interest rates
— was to blame, he said. Read
more in this excerpt from Bob’s Elliott Wave Theorist
…
After
the Housing Bubble, a "Bubble" in U.S. Treasuries?
Fed Chairman Ben Bernanke frequently assures the public that the central
bank can successfully arrest deflation. He gave an entire speech in
November 2002 titled, "Deflation: Making Sure 'It' Doesn't Happen
Here." See how Bob Prechter, in his 2002 New York Times
bestseller, Conquer the Crash, spelled out why the Fed's
strategy could lead to an outcome far different from what it expects,
namely the ruin of the bond market. Click
here… |