Prechter predicts "Great Deflation" and "Great Depression"
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Uploaded by NationalDeflation on Aug 11, 2009
August 11 2009 on Yahoo Tech ticker the president of Elliot Wave International Robert Prechter explains why we are headed towards "Great Deflation" and new "Great Depression".
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I'm still waiting Bob. Bob's a perennial bear. I remember back in the '80s he was saying the same thing. Market was over valued when it was at Dow 1500. haha
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Deflation? I wish. It would take a productive nation to achieve that. Instead we just print and monetize. This guy is a joke.
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Hindsight is 100% Robert Lichota, an investoer of 20 years Robert Lihcota (Robert L, R Lichota)
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Prechter and EW is a total fraud. Our firm has been following his forecasts for years and according to them, the Dow should be headed to 400, gold and oil should be way down and the dollar way up !
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@edwardwills LOL, in the 6,000 years since G-D created the universe everytime liberals print paper money gold goes up. Go get yourself another cup of tea before the illegals drink it all at the gay wedding.
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@johnsenkenn I am on the INflationary side too. WIth Beneranke how can you have a DEflation?
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Oh no! Not lower prices! That would be terrible!!!
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Yeah and so what's new HeeHaw? The Prechter idiot has been predicting depression since 1997. He also predicted gold to crash to $103 in 1998. Prechter is a fricking idiot as is anyone that believes in his BS.
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If bernanke takes his claim seriously, he should resign now.
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Now it's 2011 and still no deflation, and how should that be, when the Fes gives out free money.
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The inflation will be on necessities. The BS stuff will deflate!
plalelal 2 years ago 8
Not if you owe money.
DoctorMurky 2 years ago 6