Featuring: Murray Gunn

Murray Gunn

After earning his Master of Arts Degree in economics, Murray went straight into fund management in 1991. He quickly realized the textbook descriptions don't apply to real-world markets, which in turn led him to technical analysis and the Elliott Wave Principle. He worked for several firms as a fund manager in global bonds, currencies and stocks, including long posts at Standard Life Investments and the Abu Dhabi Investment Authority. Murray then joined HSBC Bank as Head of Technical Analysis. A published author (Trading Regime Analysis), he has served on the board of the Society of Technical Analysts (UK), and delivered lectures on the Elliott Wave Principle to students at Queen Mary University and Kings College London. Watch for Murray's commentary on deflation.com and in Elliott Wave International's publications Global Market Perspective, Interest Rates Pro Service and Currency Pro Service.


It may not feel like it, but there is less money in the U.S.A. That’s not good news for stocks. Economics is a social science and was famously referred to by the Scottish philosopher Thomas Carlyle as “the dismal science.” Well, if general economics is dismal, monetary economics could be considered funereal. It’s the realm […]

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Great Britain is at the forefront of increasing debt stress. Hot on the heels of news that credit card delinquencies in the U.K. are increasing comes a report which shows personal insolvencies going through the roof. The number of people in England and Wales filing for insolvency in the second quarter hit its highest total […]

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The European Central Bank sees no risk of falling prices. But the threat of real deflation looms large. In March 2017, European Central Bank (ECB) President Mario Draghi declared that “the risks of deflation have largely disappeared.” This month, in a Bucharest speech, ECB Chief Economist Peter Praet declared that “…uncertainty about the inflation outlook […]

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Britain looks increasingly vulnerable to debt deflation. As the majority of Britons excitedly followed England’s progress in the World Cup during the warm weather of June and July, many of them would have been buying barbeques, food and beverage on credit card. As they enjoyed their parties, quite a number may have been thinking of […]

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Credit has never been easier to come by. Watch out for deflation. According to credit bureau TransUnion, personal loans in the U.S. rose 18% in the first quarter of 2018 to $120 billion. The main conduit for the increase has come from so-called FinTech companies — firms that conduct borrowing and lending operations without the […]

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Keep an eye on northern Europe. A storm may be brewing. In the far north of Sweden, the sun doesn’t set at all in June, but the region is in complete darkness during January. The northern hemisphere has just passed over its solstice and daylight will now dissipate for the next six months. The Swedish […]

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