Robert Prechter on the Markets
Posted on January 30th, 2008 by Kemp
With the amazing credit expansion of the past 25 years starting to show serious potential cracks, it is a good time to reflect on a number of underlying issues facing the critical investment markets. Long term market guru Robert Prechter, founder and CEO of Elliott Wave International, speaks to a number of the fundamental issues underlying the current market environment:
Filed under: Social Mood, Economics, Entertainment
Interesting that he’s calling for commodity declines when the Fed, USG, and big banks are trying (once again) to inflate their way out of this. Commodities seem to like the 1.25 percent in cuts this month. Will it be created faster than it can be destroyed? Let’s find out.