Robert R. Prechter: "Deflation is coming"

[rolficus]

fed reserve prefers inflation because they know china will peg its $ to the weakening us $ and thus taking on US debt -you can see the high inflation in china now as a result . High inflation easier to control than deflation but as for the direction we are heading no one knows only the fed .robert believes that the us fed cannot not or wont be able to monotize any more debt and that any more printing of money will stop but the fed has recently bought 600 billion in bonds! he may be wrong .

[88888FORCE]

Robert R. Prechter: "Deflation is coming"

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[dannydarias1]

@407buddy Definitely great sites. Check Mish Shedlock too. He is also great. Be save dude.

[dannydarias1]

@407buddy Where are you getting these numbers? 22%?? You will realize that you have it backwards soon enough. There is MUCH MORE credit/debt out there my friend. And that debt will not be paid back. That will cause the opposite of what you guys are waiting for.

[Dattutsoweh]

These con artists have been bearish on silver and gold for a few years now. just a few months ago his forecast service said the trend is down from now on (for the 100 th time) and guess what, they were wrong again!

[Exposethefrauds]

There will be deflation in terms on gold. The stock indexes will barely go down. Just look at all the companies in the S&P. Do you think johnson&johnson will cut the price of their products by half. Do you think a Mcdonalds happy meal will get cut in half. What about JP Morgan. They will get more cash from the gvot. I dont see the indexes going down a whole lot, only measured in gold.

[SergLLLL]

Seams like our "Guru" Robert Prechter is very quit lately, the market is up and up, while he said to double short it last January and in 11/2009.

The first 100 points down day, you bet your ass he will come with a YouTube or an interview.

Somebody must feed his 100 parasites employees and 25 good for nothing ANALysts.

You bet your ass that some of those employees/ANALysts are bourd now, and they are defending him on the various Message Boards / You tubes.

[ednan9]

Hey fat romainian dumb block..i am precther employee..deflation is coimng. and precther is coming to romania, he wants to invest in cheap romanian hookers, including your wife....beware of the ellliott wave, it will take you down..ha ha

[SergLLLL]

@ednan9 You mother fucker muslim terorist, come to Romania and I will fuck you in the ass and your Fuck Face stincking Profet Muhamed. I am waiting you drunk muslim!

[ednan9]

ha ha...typical fat roimanian dumb block. I am not a moslem but thats ok you can assume that. and I am not gay, so you will have to find another gay to fuck ass or get your ass fucked.. but i will take your wife and sister, who probabaly like other romanian hookers give a good head....hey deflation is coming and Mr. Precther is gonna fuck you up...LOL....comprende you fat bastard..LOL

[SergLLLL]

@ednan9 You are muslim Ednan69 and you are drunk or were drunk. Look at the spelling mistakes. Only a mothetr fucker drunk would do that. You are a loser and have no life. You are definitally not an investor. And you never posted any post with substance. You are a coward faggot.

[ednan9]

fat romanian bastard - you got all riled up - what a dumb block ..LOL....you are an idiot..and now keep barking...LOL..adios fat bastard

[SergLLLL]

@jimt46 I changed my mind: You mother fucker are from the Robert Prechter team / employee / Analyst.

You are busy now defending the Croock over the Internet. You have nothing better to do since the market goes up and up and Prechter looks like a clown every day that passes. The lies you are spreading here are outrageos. Especialy about Prechter "success 1987-1989, when even he himself admited he lost 95% of his subscribers

[ednan9]

You are extremely emotional person - hope you are not trading your own money?

[SergLLLL]

@ednan9 OK, thank you for the advice! And now would you answer my TEXT message please, or you have no clue what happened with Prechter 1987-1989.  And if you do not, Do you fuck my nbrains, f Muhamed brains!

[ednan9]

please do tell what happened in 87-89 with precther? lol

[SergLLLL]

Lol, your mother and LOL muhamed, read the board stupid idiot and you will figure it out.

[ednan9]

you are an idiot. this chat end here.

[SergLLLL]

F you and Muhamed. Do not comment my stuff anymore

[orangedac]

Maybe i'm dumb but i still don't understand what stops the fed from printing if the value of the dollar shoots up in deflation.

In fact that's what they have been doing - monettizing the debt. cash should have seen the biggest jump in its value in 2008 but instead it just went up a little and came back down. The Federal Reserve is printing and keeping interest rates at zero - robbing savers to service banking crooks and debtors in the process.

[ISeeThemNow]

You're not dumb - its all political wildcards;hard to make the correct predictions. This is how I see it: there are at least 7 massive deflationary forces still to unfold. In 2008, it was the 1st of 8 (subprime mortgages=1trillion$ value), during which prices of houses, stocks, metals, oil etc crashed sharply. At every deflationary step, the central banks will print money under the pretense that they have no choice to save the economy. They keep it all and buy assets cheaply while we get killed.

[orangedac]

@ISeeThemNow what the 7 other deflationary forces you forsee. And how does one escape this money printing madness that is just robbing savers of their buying power while keeping asset prices artificially up.

i fear the system has been so rigged by the goldman sachs types that no saver will ever get to invest the fruits of his labor at a profitable price. The federal reserve will always favor robbing savers to transfer wealth to their cronies.

[haveabeer123]

@orangedac Actually if you understood Prechter well, you´ll realize that even with all the money printing being done by the Fed, debt destruction will be so huge that it will overpower inflationary forces and produce massive deflation which will cause prices to plummet, demand will dry up, manufaturing will come to a halt, lay offs will be massive, and there will be nothing the Fed can do... Only those without debt and holding cash or gold will survive.

[orangedac]

@haveabeer123 I know that's what he says will happen. But I don't see how. The federal reserve can always swap junk assets and give out free money. The purchasing power of cash should have gone up 500% at least during the 2008 downturn. Instead the federal reserve just printed and thereby STOLE that increase from people who had saved their fiat. Fiat printing is a nice scam devised by banks to rip off savers.

[dannydarias1]

@orangedac Increase in purchasing power doesn't happen overnight. What people don't realize is that the junk credit out there is HUGE in comparison to the money base. The fed printing can't even make up the amount of credit getting destroyed.

[jayangli]

@dannydarias1 is this guy better than jim rogers

[dannydarias1]

@jayangli They are 2 different animals. Jim Rogers is a very successful investor, Robert Prechter has done research on market psychology (elliot wave theory). Jim is more interested in the direction of a certain stock while Bob is more interested in the direction of the markets. People have a misconception about Rogers. No everything he says in TV is true or even correct. In other words, he may be telling you to buy gold, while he is selling it. How else can he be so successful?

[orangedac]

@dannydarias1

what is the limits to fed printing ?

i think they can keep asset prices high indefinately just by ripping off savers with 0% interest rates, printing and monetizing debt. This is the greatest downturn since the great depression yet cost of living is not going down but continues going up.

i think they are printing like hell and will continue to do so and i see no limit to it.

[dannydarias1]

@orangedac Of course there is a limit. It's call dollar collapse limit. They can print as long as the dollar does not collapse. If it collapses, the printing is finished. Just remember that the fed's power rests all with the ability to print money on the behalf of US government. Without that power, they are worthless. What will they do with the printed money.. give it to the banks again? It is useless at this point my friend. People are sick of it and the money will NOT make it to the economy.

[wvolson]

@haveabeer123 Very Good Comment! Thats exactly what I have been seeing as well.

[haveabeer123]

@wvolson Yeah, I think everyone is focused on inflation bc there is so much publicity about bail outs and quantitative easing, but nobody is looking at the other side of the balance sheet. People don´t realize the monstrous wave of default of non-self-liquidating credit that is coming our way. The bail outs so far are nothing but a drop in a bucket compared to unpayable credit.

[wvolson]

@haveabeer123 I was golfing with my Dad and his Accountant 3 years ago and said the best money was in a Coffee Can. They looked at me as I was Crazy!!! I like to use the example of a Beach house in Florida that 3 years ago sold for 1.5$ and now sells for $700,000. Where did the $800,000 go? It's Gone, Gotta Print up alot of bucks to make up for that illusion! Aye?

[orangedac]

@haveabeer123

So what's the strategy here - short the stock market till 2012 ?

[jayangli]

@haveabeer123 there will be inflation not deflation

[haveabeer123]

@jayangli All I have to say to you is read up the latest interview that Prechter gave to the daily crux. It will give you a different perspective on inflation. Type this in google: Why deflation is a huge danger right now:

An interview with Robert Prechter

[dannydarias1]

@jayangli Do you know how much credit derivatives are out there? Let's say there are 50 trillion of credit. And let's say the money base is 2.5 trillion. Which one do you think has more power the 50 trillion or the 2.5 trillion. If credit gets wiped out, it's easy to see that printing does nothing when credit is contracting much faster.

[jayangli]

@dannydarias1 so the economy is not good. How long do you think the recession will last

[dannydarias1]

@jayangli I could be wrong but I think until some time in 2012. We should be in a recession right now, it's just that is not public yet.

[jayangli]

@dannydarias1 I thought we are in recession. Am sure we are. The U.S is in over 13trillion of debt.

[dannydarias1]

@jayangli This time Obama will not be able to pass any bailouts (I sure hope this is the case) and we will drop into the recession very quickly. It's end game. If the government does not pass more bailouts and cuts spending we may get over this quicker. If not, who knows how long this lasts.

[SergLLLL]

@jimt46 - nobody reads this board anymore, you are the winner, f y , I do not dance tango with y anymore

[SergLLLL]

I chalange every viewer here to do a search or tell this board if they remember what Prechter did from 1987-1989. Even people who dislike my style and my profanity will support my claims.

[SergLLLL]

@jimt46 For somebody to come to this board and to say that "CNBC gave Prechter an aword for 1987 to 1989" is a suicide. You must be mentally sick. After 1987 crash he called for a grand cycle recession which will bring the DOW to 400. He lost 95% of his subscribers in between 1987 1989. That I know for sure! And this everybody knows on this board! This is also what he admits.

[SergLLLL]

@jimt46 My investment is none of your fucking business! I am not his subscriber! Talk to the point! FUCK CNBC if they gave Prechter an aword for 1987 to 1989. And if you commend that, you are an HYPOCRIT. After 1987 crash he called for a grand cycle recession which will bring the DOW to 400. He lost 95% of his subscribers. That I know for sure! And this everybody knows on this board! This is also what he admits. I think you are naive and ignorant. I do think you are brainwashed.

[SergLLLL]

@jimt46 My investment is none of your fucking business! I am not his subscriber! Talk to the point! FUCK CNBC if they gave Prechter an aword for 1987 to 1989. And if you commend that, you are an HYPOCRIT. After 1987 crash he called for a grand cycle recession which will bring the DOW to 400. He lost 95% of his subscribers. That I know for sure! And this everybody knows on this board! This is also what he admits. I think you are naive and ignorant. I do think you are brainwashed.

[ctrader09]

Prechter has made some predictions in the past (calling the top in 1995) that have been off, but you know what. I think you are bashing him so much because you are afraid he is right this time.

[SergLLLL]

You got it all wrong, I am dead short on financials, and I think there will be DEFLATION. So I agree with his views nowadays. I am not his subscriber and did not act on his recommendations (not after so many fuck ups). But Prechter, with his army of perssonel, who admits he is not trading - is a symbol to the News Letter writers crooks, who are sucking the blood of subscribers. He will always give you Contrarian prediction even if he doesn't believe himself. Otherwise you willn't suscribe.

[SergLLLL]

To all the Prechtor "public defendends" out there.

Here is what Prechter really said in February 2 weeks before the bottom in 2009-03

"this is not a bullish call, certainly not buying any stocks, not a market call, time to take money off table when market is that friendly, bear market has a long way to go, there are no bargains, lower lows across the board coming in stocks and commodities" He said back then that Gold will go down.

"Great forcaster", he predicted 2009-03 bottom MY ASS.

[jimt46]

@SergLLLL Here is the exact quote from the February 23, 2009 Theorist: "But for our official position, *I recommend covering our short positions at today's close* ". The emphasis was in the original. He was adamant. He then list 4 reasons why the decline was most likely over. The next month EWI recommended long positions for a rally lasting months and going to Dow 10,000. That's fact. It is in print. Sorry to disappoint you :-) PS. Your language is slowly improving. Good for you :-)

[jimt46]

@SergLLLL ...and by the way, the call for a rally came on March 18th, 2009. The headline for that day's issue was: "A Primary degree rally is in it's initial stages." It then goes on to discuss the rally and the possibility of it running for months. I was already long as I do my own research and jumped on early. I also need to correct myself. They were NOT calling for shorts in August. They were still looking for the top. My bad...

[craterman01999]

I think he's right. Massive amounts of money has been destroyed. Trillions in real estate values alone. Credit and the velocity of money is on its ass and unemployment will continue to surge.

States are getting ready to ax thousands of jobs because revenue is WAY down. The Fed is printing but they can't print near enough to replace what is being destroyed.

[SergLLLL]

So if he is "right" why the stock market keeps going up. You need a reality check.

[frank299]

Since March 09 he's been calling for Deflation and suggested to be out of stock and in cash - when will he finally get it right. Maybe after a thousand more plugs on his his book..

[luvzpalin1]

said the dow would top 500 points ago too!

[ednan9]

actually he told traders to be 200% short since jan 27...so its cash for investors but extreme 200% short for traders

[SergLLLL]

If you read the book which he promotes you will freak out. He predicted a great depretion in the 80's. The wall street spitted in his face and went up from 1000 to 2700 in 1987. In 1987 he predicted the collapse but after the collapse he continued with the Gloom And doom and said Dow is going to 400. Well we now know what happened. He lost 95% of his subscribers.

[jimt46]

@SergLLLL Actually, his latest book was spot on. Almost everything he warned about has come to pass in spades. He was a raging Bull, not Bear, in the 80s. Wall street spurned him in 1982 as he called for the Dow to quadruple or better. He was dead wrong calling for a top in 1995 and said it was the worst mistake in his life. He grabbed 800 S&P points in the drop from 2007 to 2009 and caught all of the rally so far. He called a top in January and the Dow has not surpassed that level yet.

[ctrader09]

finally someone on here who actually knows the truth rather than throwing out false bullshit...

[SergLLLL]

@crader09 whyb do not you tell us what you know? Did this mother "predict" the 03/2009 lows? NO SIR! He did not! He is lieing!

[jimt46]

@SergLLLL Actually he recommended covering all shorts in late February of 2009. In March EWI went long with a prediction of a strong rally. In April he called for a rally to Dow 10,000 and we got it. It is all in print.

[SergLLLL]

@JIMT46 Yes in February he said to cover short but you forgot to mention that he was very very very bearish and said "take some money of the table"! In april after stock market shot up from 6600 to 8000 he changed heart and became bullish indeed with the target of 10,000. Great forcaster!

Now when VIX is creaming top , and the insiders are selling like crazy he is bear again. The problem is that he is bear again from August 2009!

[SergLLLL]

@JIMT46 i AM NOT GOING TO ENGAGE WITH YOU IN A "i SAY YOU SAY" onversation.

You ignore the biggest fuck of his life! After 1987 crash he called for a great depretion grand cycle in which the dow will go to 400. If you dispute that have a nice day.

(BTW he called a top in this market in 8/2009 he reitereted the top in 11/2009 and said that the brave ones should short! In January 2010 he ReReitereted the short and recommended a 3 to 1 bear short, there are plenty of his You tubes to prove it!)

[jimt46]

@SergLLLL Still can't type without profanity, I see :-) This isn't "I say, you say" I have almost everything he has ever written going back decades. You don't. Your dates and info on the early years are wrong. He *has* been building positions since August. So have a number of smart analysts. January he doubled up. Tops are a process, not a point. 2007 is an excellent example. He started building positions in July and made a fortune for his followers. PS. Buy a thesaurus.

[jimt46]

@jimt46 I might also mention that the official recommendation for everyone except *hard core speculators* is to be out of the markets completely. He is recommending cash and a core position in gold.

[SergLLLL]

@jimt46 You can have all Robert Prechter stuff, it is your own perogative, and you have been brainwashed by his 100 employees and 25 consultants. Please do not teach me about what he did in 1987 because then I will have to tell you to fuck off. I was one of the 95% subscribers who left him. I followed him from last year. You say he "predicted" 03/2009? I say bullshit! EVERYBODY CAN DO A YOU TUBE SEARCH AND SEE i AM RIGHT. Somebody here quoted from his Februray stuff I am right !!!!!!!!!!

[jimt46]

@SergLLLL I thought something was wrong here. You screwed up and need someone to blame. No problem. You, too, are entitled to your opinions but not to misstating facts. All of his positions are in writing and available to anyone interested. By the way, CNBC awarded Prechter the title Guru of the Decade in 1989 because he had such a remarkable record during the 80s including the period from 1987 to 1989. I don't know where you are getting your "facts". They need updating, though.

[lithophiliac]

Ja deflatie in huizen, auto's en andere (dure) luxe-goederen en ons inkomen. Ik ben er echter van overtuigd, dat energie en voedsel (veel) duurder worden. Kortom, back to basics.