GAINESVILLE, Ga. / November 2, 2011 -- The euro's eventual journey from symbol of unity to one of discord was forecast years ago by analysts at Elliott Wave International. In 2005, long before the euphoria over the new European Union had worn off, EWI wrote "During the bear market, the independent nations of Europe will rediscover their borders and rekindle the animosities that kept them apart for centuries." Even as far back as 1999, Elliott wave patterns in European stocks were already forecasting trouble ahead for the emerging union, “[The] European Union was consummated following 1,500 years of repeated conflict in the region....This multi-year pageant of apology, concession and agreement and the concurrent wonderful atmosphere of international peace and cooperation are consistent with the Elliott wave case that an uptrend of Grand Supercycle degree is ending.”
The conventional model of economic and social forecasting fell short when trying to anticipate the EU's future, but EWI's European Analyst, Brian Whitmer, is a step ahead of today's European debt crisis -- a crisis he says is far from over and will ultimately result in the breakup of the European Union.
To arrange an interview with Whitmer to discuss his latest assessment of Europe's future, contact Alexandra Lienhard at media@elliottwave.com, 770-536-0309.
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