News

Is Europe leading the world into a deflationary depression? Well, consider that the International Monetary Fund just lowered its estimate of eurozone growth to a mere 0.8%. More than that, Germany risks “slipping into a third recession since 2008” (CNN). Also, ECB President Mario Draghi’s preferred inflation gauge shows a trend that’s a big worry […]

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The central banks of Japan and the European Union have gone all out to shore up inflation. But, so far, the results have been disappointing. Likewise, the U.S. Federal Reserve has done all it can to stimulate the U.S. economy. So far, the U.S. economic “recovery” has been relatively weak. The October 2014 Elliott Wave […]

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Bank of America Merrill Lynch has just issued a sobering assessment about the U.S. and European economies: Despite the ongoing economic recovery, we believe there is a significant risk of either a continued drop in inflation or outright deflation in one or several advanced economies over the next several years. In addition, the financial giant […]

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Leading deflationist Albert Edwards is quoted in this March 12 MarketWatch article titled, “Are You Ready for Deflation?” The article explains how U.S. prices are tracking eerily with 1990s Japan. Edwards comments on the market-based PCE price index as a deflation indicator—the only index that is based solely on actual prices paid in the market: The […]

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This article was originally published on July 12, 2012 in Comstock Partners Market Commentary.  Long before it became headline news, we were talking about the corrosive effect of deflation deleveraging,excessive debt, the softening U.S. and global economy, the “fiscal cliff”, the implausibility of a European solution, the probability of a hard landing in China and […]

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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 […]

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