ROBERT PRECHTER JR. - SOCIONOMICS INTERVIEW part 1
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Prechter does believe in the possibility of hyperinflation but only after deflation. Prechter is often accused of being early but this time everyone else is too early. It's interesting how he sounds uncertain as to which way we'll go after the deflationary period. I'm not convinced that supercycle degree Elliott patterns in currencies exist and maybe this is what he is saying in a roundabout way. Also he say about five years for deflation which should be long enough to cleanse the economy
jdbrown371 2 years ago
Everybody who wants to learn economy should listen to what Robert is saying because he is one of few voices of the real economic science.
He reminds me an astronomer of the time of inquisition who is trying to tell people that it is not Sun what is turning around Earth but another way around.
He explain basic physical laws of money to people have a blind faith in commodities, real estate, stocks.
Prectcher is a rare scientist in contrast to the huge list of economical charlatans .
tube4stas 2 years ago
Dude could go down as a wall street legend.
Nuanceqwest 2 years ago 2