Robert Prechter: Why the Fed Cannot Expand Credit All It Wants

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Can the Fed expand credit at will?  The best “no” explanation I’ve heard is from Robert Prechter – here it is, republished with permission from Prechter’s firm, Elliott Wave International. Excerpted from Robert Prechter’s February 2004 Elliott Wave Theorist Jaguar Inflation By Robert Prechter I am tired of hearing people insist that the Fed can […]

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Prechter on CNBC – “Not a bear among them” Robert Prechter of Elliott Wave International and Don Luskin of Trend Macro share their opposing market views with CNBC host Larry Kudlow. (Note: Prechter’s interview starts about four minutes into the interview). Regular readers will know that I’m partial to Prechter’s arguments, particularly his points about overwhelmingly bullish sentiment […]

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Ed. Note – you can read Part I of Prechter’s guest article on the history of the Fed here. Money, Credit and the Federal Reserve Banking System Conquer the Crash, Chapter 10 By Robert Prechter … Let’s attempt to define what gives the dollar objective value. As we will see in the next section, the […]

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Robert Prechter Explains The Fed, Part I The world’s foremost Elliott wave expert goes “behind the scenes” on the Federal Reserve By Elliott Wave International The ongoing financial crisis has made the central bank’s decisions — interest rates, quantitative easing (QE2), monetary stimulus, etc. — a permanent fixture on six-o’clock news. Yet many of us […]

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Robert Prechter likes to make his media appearances when he senses a potential market turn is at hand.  Recently, he joined the hosts at Yahoo Tech Ticker to talk about indicators that may be flashing some big warning signs for the stock market. Of course since this interview, the market has gone only up – […]

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This month, Robert Prechter alerted his subscribers of a classic head-and-shoulders pattern shaping up on the weekly chart of the Dow.  If you’re into technical analysis, check out the guest article below that we are re-syndicating, which includes a chart and description of the pattern… — Robert Prechter: Head-and-Shoulders Pattern in Weekly Dow Chart August 17, […]

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Like Robert Prechter, Richard Russell is also very bearish on stocks in the near term.  But unlike Prechter, who thinks you should be in 100% cash and short term cash equivalents, Russell thinks this will get you in trouble. (For a recap of Prechter’s latest predictions, click here). Richard Russell’s latest outlook, Courtesy of KingWorldNews.com: The […]

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Bond legend Bill Gross shared his latest outlook with CNN Money – and I was glad to see him weigh in on deflation in particular: What about the possibility of deflation occurring? We’re in a struggle between inflation and deflation right now. We may never get to a negative consumer price index, but the danger […]

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But – Dr. Doom does not dismiss Prechter’s call altogether (Details on Prechter’s latest predictions here).  CNBC reports on Faber’s outlook in his August 2010 Doom, Boom, Gloom Report newsletter: Marc Faber says before dismissing Prechter as a lunatic you should look at his record. In 1978 when he predicted the Dow would reach 2,300 […]

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Earlier today, we pointed to a nice piece of analysis from fund manager John Hussman, who essentially told stock market bulls to “get a grip on reality”, because the S&P is 40% overvalued according to his calculations. To me, this is the crux of the entire bull/bear argument. Beyond technicals, or earnings, or anything – […]

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About Author

Brett

Hi, I’m Brett Owens – and I’m a financial junkie. My “problem” started incollege, when I got a little dose of the stock market – man, was I hooked…in no time, I was reading the Wall Street Journal religously.

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