Robert Prechter: We're in a Depression
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Uploader Comments (dayal48)
All Comments (7)
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@edwardwills Well remember all those houses being foreclosed on? Well that is like money disappearing, and it is somewhat hard to ascertain but it seems that credit is not being used like it used to this is also money disappearing from the system. Those people who don't have jobs are probably living on there savings. So I summit to you that this may be deflationary even with the FED printing money into existence.
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@LeavingHolland He has been saying it since 2009 I believe. However, he believes in a DEinflationary depression, not an inflationary depression. I believe that without FED action it would be a deinflationary depression. However, we have Berwacky at the helm so it will be very inflationary
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listen to him for big picture...don't trade with this guys recommendation
5 months ago 2
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Finally he gets it. He is starting to sound more like Peter Schiff
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@FreeRE1 Yup, government is slowly killing all the middle class and poor people
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This is right, "The Market is begining to look ahead and see" that their world is getting smaller, and most people are already suffering.
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I love economics, even did the ibanking thing for 8 years. I distinctly remember the collapse in the aftermath of 9/11, remember the charts depicting a stunning crash in activity. Today, as I review data, especially charts, 9/11 looks like a walk in the park compared to this collapse. It is a real stunner. Recovery will take years and in some cases, a lifetime.
dayal48 5 months ago