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Take Time from March Madness for 2010's Most Important Investment Report

Stock-Markets / Stock Markets 2010 Mar 19, 2010 - 03:03 PM GMT

By: EWI

Stock-Markets

Best Financial Markets Analysis ArticleYou got your brackets filled out before the NCAA Men's Basketball Tournament's opening game on Thursday afternoon. Good -- now sit back and enjoy the games. But if you're looking for a good read during the numerous and lengthy time outs, we've got just the thing. It's the most important investment report you will read in 2010. Forget the theoretical and hypothetical sorts of analysis that occupy so much space online. Bob Prechter gives 22 real-life examples of how deflation is beginning to spread in the U.S. economy -- along with 13 charts that make the examples even clearer.


You want to know whether to prepare for inflation or deflation? This report will answer your questions. Read this excerpt to see what we mean. Oh, and try to forget that a No. 2 seed (Villanova) almost got upset in the first round and that Georgetown, a No. 3 seed, got beat by Ohio University, a 14 seed.

* * * * *

States Are Broke and Approaching Insolvency While state “regulators” clamp down on profligate banks, the same states’ legislatures continue to blow money. For years, state governments have been spending every dime they could squeeze out of taxpayers plus all they could borrow. (The lone exception is Nebraska, which prohibits state indebtedness over $100k. Whatever Nebraska’s official position on any other issue, by this action alone it is the most enlightened state government in the union.)

But now even states’ borrowing ability has run into a brick wall, because the basis of their ability to pay interest—namely, tax receipts—is evaporating. The goose—the poor, overdriven taxpayer—is dying, and the production of golden eggs, which allowed state governments to binge for the past 40 years, is falling. The only reason that states did not either default on their loans or drastically cut their spending over the past year is that the federal government sucked a trillion dollars out of the loan market and handed it to countless undeserving entities, including state governments.

“It’s hard to imagine what happens when stimulus money runs out,” says a budget expert. (USA, 10/29/09) But it is not at all hard to imagine what will happen. Conquer the Crash imagined state insolvency seven years ago. The breezy transfer of money from innocent savers to state spenders is going to end, and when it does, states will cut spending and “services” drastically. They will also default on their debts, which will be deflationary.

Elliott Wave International's latest free report puts 2010 into perspective like no other. The Most Important Investment Report You'll Read in 2010 is a must-read for all independent-minded investors. The 13-page report is available for free download now. Learn more here.


Elliott Wave International (EWI) is the world’s largest market forecasting firm. EWI’s 20-plus analysts provide around-the-clock forecasts of every major market in the world via the internet and proprietary web systems like Reuters and Bloomberg. EWI’s educational services include conferences, workshops, webinars, video tapes, special reports, books and one of the internet’s richest free content programs, Club EWI.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

truthhurtsss
23 Mar 10, 05:45
Broken clocks: being right too soon is as bad as being wrong

I just happened to notice that the S&P has taken out its previous high. Oh, so has the DJIA as I go back to look at the charts! You guys at EWI are roasted!!! Non confirmation in one index taking out the high while the other did not? In your face, the S&P and DJIA are now saying to you!!!

What arrogance in pronouncing a non-confirmation when you don't know, and can't even tell, what lies ahead. But you talk like you were some god able to tell the future, even before the technical picture has finished its dance(which makes your arrogance even more infuriating). You are only able to fool the gullible and the blind(yes those blind, and mostly new, to the fallibilty of Elliott Wave).

As Clive Maund recently said in his article "In practical terms being right too soon is as bad as being wrong." You are just a broken clock, that is all you are. Of course you "get it right" some times(and your running dogs brag like hell about it) but re-read that statement by Clive I quoted.

I still call you a broken clock - in case you are still ignorant, the definition being that a broken clock will still tell the time correct twice a day. I.e. repeat a "forecast" long enough and you will eventually be right!!!

Humbugs.



23 Mar 10, 10:56
doom

These frustrated blokes have been crying doom for the last thirty years They will eventually be right - only it might take another thirty years ;)


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