Robert Prechter on Deleveraging Deflation 2010 (1 of 5)

[pismo10]

Whoops!

[harrybath]

Pretcher, if this happens the fed can just credit wall streets bank account with 50 trillion. They are not going to let this happen because wall street will go broke again if they do. Did you just completely tune out during the global financial crisis ? Ever heard of the word BAIL OUT. They don't care what the amount is wether its 900 billion or 50 trillion.

[kleemc]

Test

[herbs814]

@TradeWorth

Since Dec 09, gold has only gained less than 10%. Meanwhile, gold's rate of growth (ROC) has declined, its relative strength (RSI) has declined, and the MACD and MACD histogram have formed successively lower highs. These confirm multiple negative divergences that signal a correction coming in gold. The technical analysis confirms the elliott wave call that gold is peaking, even if it may not have yet peaked, coming towards the end of its decade-long climb.

[BubbFromGEI]

Radisson Hotel - a slice of real life.

Nothing wrong with that. It shows that these ideas are discussed in real time

[TheBullBearReport]

For a bullish view using Elliott Wave visit w w w , TheBullBear . c o m

[42adb]

wave B, wave A, wave C? LOL!

[jokertim777]

Scientific studies have shown that human minds will invent patterns even if given a sequence of random numbers. While technical analysis can usually be applied fairly accurately looking backwards, it doesn't work as well when predicting forwards.

Mr. Prechter's statements about gov only inflating through credit and that the money supply hasn't increased seems a bit simplified, almost as if he discounts the very idea of money substitutes in our economy.

Overall, not terribly insightful.

[ctrader09]

@jokertim777 What the wave theory suggests is that the brain not only invents patterns, it has one like a lot of elements in nature. This is the basis of Elliott Wave, that social mood (and therefore markets that reflect changes in social mood) move in 5 waves in the direction of the trend of one larger degree, and 3 waves against it. Regarding the governments ability to inflate only through credit, the money supply has been contracting even with "helicopter ben's" "printing". No velocity in M3

[jokertim777]

@ctrader09,

"the money supply has been contracting"

When the supply of money contracts, there is a general decline in prices. The housing sector is declining (due to the bubble blown by the FED) but prices are still trending upwards. The US commerce dept released its figures recently that over the last 12 months, food and energy were up 18%.

The Austrians predicted this crisis, and their money supply measure is TMS, not M3. Are you using the wrong measure of money?

[pgrath1]

Where are they conducting this interview? In the hotel kitchen?  Couldn't one of them have afforded a room for the interview?

[imigrantpunk]

50 trillion in the hole is something. I think he has a point.  I think even the helicopter ben could not print that much and give it all away

[LisaJ4Liberty]

This is fascinating... Can't wait to hear the whole thing.

[herbs814]

(7:17) "we're starting a 5 wave move to the downside; we've had waves 1 and 2."

Stocks are going much lower.