Robert Prechter on Deflation & Fiat Currency (1 of 3)

[zeusvalentine]

deflation for a few years

[advancedwarfighter07]

if only RN elliot was still alive. Elliot wave works! period.... You must have the right perspective on it and get advanced education behind it! you need to be looking at much higher time frames from the monthly charts. 6 month and yearly... which most brokers dont offer

[straty01]

@herbs814, yes USD has risen, have a look at the USD over the last 30 years and then tell me how strong a currency it is. Bailing out the banks while general society suffers is not a smart long term play. Hey, it may rise when/if the panic sets in again but it is obvious that Asia is the place to be long term

[ctrader09]

@straty01 I think Asia won't be a good investment until after the Deflation is over. The fact that the U.S. Dollar has fallen dramatically over the last 30 years is a contrarian indicator portending a BIG short covering rally (a.k.a. credit contraction)

[ctrader09]

have a look at how much the inflationists portfolios were down in 2008 and then tell me that again.

[GoldSilver588]

Where he got the data about PE being 100?????? Can someone name a few stocks that have 100 PE now????? Here in Canada, there are lots stocks with PE below 10, and paying over 10% of dividend. That said, I don't think stocks are overvalued at all.

[straty01]

Prechter makes money out of people subscribing to his publications, he is bullish on the USD and has been for months, all while the USD keeps falling falling falling and falling, listen to him at your own peril,

[herbs814]

@straty01

$USD has surged 8% in past 2 months.

[ctrader09]

how's that dollar short coming?  ;)

[vimzibaiegh]

Disagreed. Banks are doing alot of lending because new home sales are up 6% (all with 10.2% unemployment). Interest rates on the 30 year fixed mortgage are at all time lows. No lending problem. Maybe computers, iPods, & sweaters are on sale, but the price of health insurance, tuition, rent & ironically houses are all rising. No deflation problem. There is a gold bubble well underway & the debt/credit bubble is becoming more worrisome daily. The FED has promised to keep feeding the bubbles.

[Nuanceqwest]

Was someone trying to gun for Prechters account?

The day after he says he is going aggressively short, the Dollar gets pancaked while all the other carry traders are recoiling. No confirmations whatsoever.

[SuperperformanceStok]

Prechter was calling for a bear market all through the 1990s so I wouldn't base my decision making on what he has to say. The guy missed the greatest bull run in history.

[BringBackCapitalism]

His Technical and Fundamental analysis is Right On! A currency crisis Can't be predicted technically, and who knows what foreign governments are really thinking and planning.

[30percentplusreturns]

Prechter is dead wrong. He said to sell gold at $300 and thinks congress will all of a sudden stop the stimulus. Sure, his charts are right if we had the same congress as we did 50 and 100 years ago, but we clearly have spend spend spend socialists that will just destroy our country with stimulus after stimulus. Zimbabwe and weimar germany started out just like this. A littel stimulus here and there, and then people just get numb to it. We will not have deflation until after hyperinflation.

[ednan9]

how old is this interview? thx