Elliott Wave International | World's Largest Market Forecasting Firm Since 1979
Please Login
   
| What's My Password?
 
EWI FIND US:
Like Us FacebookFollow us on Twitter
EWI Press Room
EWI Press Room - Home EWI Press Room - Press Kit EWI Press Room - Seen and Heard EWI Press Room - Educational Resources
EWI Press Room - Request a Resource or Interview

Home > Classic Prechter
An Early Warning: “Most of the World is on the Cusp of a Great Deflation”
Foreseeing Deflation - Item 4 of 6

Tue, 15 Sep 2009 12:45:00 ET
Bookmark and share It!

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 in this excerpt from his August 2005 Elliott Wave Theorist:

At this point, dollar-denominated debt has reached $37.3 trillion. The economy has little basis on which this ocean of debt will be repaid. With investment markets poised to fall across the board, the United States, and probably most of the world, is on the cusp of a great deflation. The credit supply will contract, and despite ubiquitous professional and popular belief to the contrary, there is nothing that the Fed can do about it.

- Excerpted from the August 24, 2005, Elliott Wave Theorist

Tags: deflation

Rating: - based on [166 rating(s)]
Rate this content:
  

Categories
Most Recent Articles
People who read this also read:
Will Greece Unravel the EU?
Just Say No to the Drug War?
Was Alice Cooper Right? - Is School Out Forever?
If They're Not Sinking, Why Are They Bailing?
La legalización de las drogas: ¿Está cerca?
Media Contact
Alexandra Lienhard
770-536-0309 ext. 3003
Request an Interview or Resource

Mailing Address
P. O. BOX 1618
Gainesville, Georgia 30503
USA

|
|
|
|
|
|
|
|
|
|
The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.