In the first five months of 2012, there were twenty times as many Google searches on “inflation” as there were on “deflation.” This is down from a ratio of fifty times in June 2008. If any theme has been overdone over the past six years, it is the theme of inevitable inflation if not hyperinflation. [...]
This article was originally published in the July 2011 issue of The Elliott Wave Theorist. This issue will list some of the ways that humans are beginning to wage war on credit, even as the mechanists are doing everything they can to defend it. The trends and events discussed below are widely known, but almost [...]
This article originally appeared in the June 2010 issue of The Elliott Wave Theorist TALK ABOUT DEFLATION The possibility of deflation does not register with many investors. The website Daily Crux—which offers a comprehensive, free daily financial digest—recently conducted an interview that many people have told us helped clarify the issue for them. So with [...]
This article was originally published in Robert Prechter’s June 2009 issue of The Elliott Wave Theorist. Inflation vs. Deflation In recent days, at least six very famous and globally respected financial gurus announced that the dollar has begun a phase of hyperinflation, and many lesser lights have echoed their feelings. Here are some of the [...]
Excerpted from The Elliott Wave Theorist – June 9, 2008 Since calling incorrectly for the peak of wave ⑤ in October 2007, I have waited for the next likely juncture. As noted then about fifth waves in commodities, “some of them are blow-offs.” With oil suddenly leaping as much as $10 a day, we should postulate [...]
Research & Commentary
The Dollar: Gold, Scrip and the Inflation-Deflation Debate
Robert PrechterUntil 1933, a dollar was defined as a certain amount of gold. Even the Fed’s notes were convertible into gold. Money was stable. From 1933 to 1971, the dollar was still at least partially an IOU for gold, because foreigners could collect gold—price-fixed by the government at $35 an ounce—from the Treasury in exchange for [...]
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