Robert Prechter, Founder of Elliott Wave
UPDATE: For those who claim that if one could PREDICT economic trends and what not then they would be billionaires. Please understand that aside from man’s manipulations ALL economies have up and down cycles and are based on NATURAL LAW just like gravity is based on natural law. Once you add man’s manipulations to these natural up and down cycles then we see worse issues in the economy. In the side bar, I have posted the interview I had with Allen Hall from the Elliott Wave. We discuss the natural law of economies with man’s manipulations. I hope you will take the time to listen to that interview. I used the word prediction but I could also use the word FORECAST. EW uses science to come up with their FORECASTS. They are not crystal ball readers, they are scientists that use actual data and have created a new science called Socio-Nomics.
Elliott Wave, a socioeconomic research think tank, and investment advisory service, is reporting the the third down cycle or impulse wave, which is ALWAYS the largest and most drastic leg of any Elliott Wave cycle has already begun to take place which means a pretty severe stock market crash is indicted by Elliott Wave analysis for the next three months.
EW has done research into economic cycles going back several hundred years and so far in our research of what they have been reporting, they have been fairly accurate. Also, be aware that America IS NOW in a depression and it’s going to be worse than the “great depression” and again, worse because the gub’ment has decided that a Marxist or centrally planned economy is far better than a free market or laissez-faire economy, so Americans are facing a triple threat. (Download these papers which go with radio show).
Do not believe what the faux-bama and Tax Cheat Timothy Geithner are yammering about regarding this economy, in that it will turn around this year, as it will will only hurt you! They are bald face liars, and of course, the state sponsored media is in lock step with this deceit and reporting to you that America is only going through a Jimma Carter style recession.
America is in a depression. No Compromise Media has been reporting this depression since last November and our economy has steadily slipped further down into an economic nightmare for millions of American families in the loss of jobs, homes, and futures.
This depression would have not been as severe had the Congress decided that they stood for Americans and protected our economy, but instead they decided to be driven by their narcissistic fantasies, and lust for power and that their own personal lives were more important than those they claim to represent. It is time for Term Limits and it’s time for impeachment charges to be filed against certain congress critters!
If Americans do not take back Congress in 2010 and strengthen our free market then it’s going to take another 50 or 60 years to get this country back! There was a severe long-term depression that began in 1721 with the popping of the South Sea bubble and continued all the way until the 1780s. That depression mimics the one we are seeing today. The bubbles that are popping today are as extreme as the South Sea bubble in 1720.
Prepare! That’s the word for today. Get out of debt, save your money, and prepare!
Maxim Waters
on Jul 13th, 2009
@ 11:04 am:
Just the other day Mr. O’Biden revealed that the worse is over…….I trust my leaders…that is why they lead, and we follow.
Richard Terrell
on Jul 13th, 2009
@ 12:02 pm:
And VP Biden wouldn’t lie, would he? You believe these two-faced narcissists at your own peril. This is serious. Our liberties are being eroded day by day and we are like sheep being led to the slaughter. Open your eyes and prepare for Depression. I am not a pessimist. I am a realist. When you raise taxes and increase government control during a recession, a Depression is the natural result. It’s coming. Get ready for it.
nocompromise
on Jul 13th, 2009
@ 12:13 pm:
That’s exactly right Richard! It’s like I was telling my friend, man has manipulated gravity BUT man has not and never will be able to manipulate the Law of Gravity. Economy is governed by natural law, and even though man can manipulate economies they can’t manipulate the LAW of Economy. Man’s manipulation will take a natural law down turn in this down cycle and exacerbate it 1000 fold.
Our government is suppose to represent the American people but instead they are evil, corrupt and representing only their fascist buddies and themselves!
One day there will be Hell to pay for the evil they have perpetrated against the innocent. This depression WILL BE worse the the early 20th century depression. I wish was wrong, but unfortunately, I am not!
20 Million Permanently Unemployed | No Compromise when you're Right!
on Oct 1st, 2009
@ 9:10 am:
[...] with Elliott Waves representative, Allan Hall, by clicking the Microphone Widget in the sidebar. I also wrote a piece in July making a prediction of the Stock Market decline which you can read here… October will not be a good month for America if my prediction was [...]