(Video) Bob Prechter Explains 'Triple Top' Forming in U.S. Stock Market
This excerpt from the special video issue of the August Elliott Wave
Theorist brings you Bob Prechter’s analysis of the triple top
that has been forming in the U.S. stock market over the past 12 years.
Watch as Bob himself explains what this pattern means for you and the markets.
You can get even more analysis – including an 84-year
study of stock values – that will help you gain perspective
about the recent market moves with Elliott Wave International’s FREE
report, “Reality Check: Studying the Past to Bring
Clarity to the Future.”
You’ll get a glimpse into the in-depth analysis Robert Prechter presents
each month in his Elliott Wave Theorist with 3 excerpts from
his most recent issues.
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To understand deflation we see the economic down cycle started with the 2000 dot com stock mania bubble climax peak. It may not bottom until 2016 to 2018. At that time most of your assets may have lost 90% in price and unemployment could be 30%. Even the price of gold may drop in half. History will call this the Greater Depression. Why?
CASH IS KING in deflation. Japan has seen deflation for 20 years and now the rest of the world is catching the epidemic. You cannot stop the pendulum from swinging. You need to understand deflation will continue until the inflation is wrung out of the system in this Greater Depression.
High unemployment is setting up a snowball effect - a vicious circle cycle of layoffs upon more layoffs. People don't buy as much. Then businesses with poor sales numbers have to fire workers. Those workers plus the others already without jobs can't buy stuff. In subsequent years employers have to layoff more. This goes on until the excesses of the credit inflation period are liquidated. This is the Multiplier Effect in economics in reverse. Look it up. It feeds on itself! Plus, it goes a lot faster on the way down than on the way up. That's how you define deflation at this stage. No one, including the federal government can stop the deflation pendulum from swinging all the way to depression. The only cure for inflation is deflation - it's a healing process. Click Link to EWI for FREE 90 page "Deflation Guidebook."
Copyright 2011 by Delwyn Lounsbury – THE DEFLATION GURU
Use of this article allowed with attribution back to:
http://www.deflationeconomy.com
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The inflation argument is widespread, and it's easy to understand given the Fed's fiat-currency printing power. But is the Fed really in control? Robert Prechter's new Deflation Survival Guide - updated for 2011 - reveals the truth about inflation, deflation and hyperinflation and which is the most immediate threat to your money right now.
If you haven't yet given Prechter's deflation argument your full attention, you should know now that yesterday was the best time to do so.
Steadfastly throughout the years, financial analyst Robert Prechter issued warning after warning about the coming deflation. The experts said he was wrong. The markets proved otherwise.
It's time you take the critical first step - get Elliott Wave International's Deflation Survival Guide.
With you in mind, Prechter scoured thousands of pages of his warnings and teachings about deflation. He then handpicked his most important deflation writings and compiled them into a special, 90-page - What Is Deflation eBook. Until today, this critical first step toward deflation survival was only available to Prechter's faithful subscribers. Now, it's all yours – for free.
Steadfastly throughout the years, financial analyst Robert Prechter issued warning after warning about the coming deflation. The experts said he was wrong. The markets proved otherwise.
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