A global media aggregator of social, political, economic and market insight.
 

Fed head tries to talk up the stock market by talking up the economy

“If you can’t dazzle them brilliance, baffle them with bulls**t”. That appears to be the plan out of the Federal Reserve as the Fed Chair,  Janet Yellen, expresses overt confidence in the    Continue reading »

Dow Jones Industrial Average plunges 370 points at the open. As pundits scramble to find an answer why, Elliott Waves are predicting continued decline

While the talking heads at CNBC and other market analyst networks scratch themselves with confusion and bewilderment, those following the Elliott Wave analysis by Global Deflation News were not surprised by the    Continue reading »

Buenos Aires’ ‘Hoovervilles’ continue to grow in the midst of a shrinking social housing budget

Over half a million people  are homeless in the squalor of the slums in Argentina’s largest and capital city of Buenos Aires. That’s about 17% of the city’s population of three million,    Continue reading »

More deflationary evidence in Europe and Asia – world’s largest shipping company reporting falling freight rates

According to Reuters, shipping rates for ports from Asia to Norther Europe fell by over 10% for the week ending 10/10/2014. Rates have fallen for four consecutive weeks and 29 of the    Continue reading »

Deflation continuing to gnaw away at UK home prices – purchase approvals drop in response

A monthly uptick in purchase approvals for August could not raise the rate high enough to avoid a YoY decline in the approval rating of 1.8%. Declining house prices is blamed.    Continue reading »

Recognizing changing social mood is key to understanding why the herd is causing the stock market to fall

EDITORIAL You have often heard me say that it is “endogenous social mood”, i.e., the subconscious mood of the collective herd that moves markets. It’s not news or current events as so    Continue reading »

CalPERS dumping hedge funds – ‘too complex to keep up with’ says new CIO

There are more than 10,000 hedge funds and growing in the U.S., many of them part of the municipal pension fund strategies all over the U.S., including CalPERS, California Public Employee’s Retirement    Continue reading »

Anatomy of a bubble – How the Federal Reserve and the U.S. Congress have created a debt crisis of historic proportion

To understand where the stock market is going we first need to understand from where it has come. Let’s start by comparing the currently in vogue macro economic philosophy, Keynesianism, to a    Continue reading »

Inflation vs. Deflation – Part 1
Which one is controlling the fate of America and will it cause the next Great Depression?

By Sannleikur Komist Question: “Most people who believe that we will slip into a depression seem to think it will be caused by inflation brought on by the collapsing of the dollar. Why    Continue reading »

Dow Jones Industrial Average
Baseline Elliott Wave Count from 1964 to 2014

With every great inflation comes an inevitable deflationary correction, economic yin and yang. Elliott Wave Theory is telling us that the point of deflationary reversal has arrived or will very soon. In    Continue reading »

The Creature from Jekyll Island
The End of the Federal Reserve System – Part 1

By Sannleikur Komist Editor I’m going to tell you a story – a story of corruption, deceit, greed and political intrigue. As it turns out, a true story, one stranger than fiction    Continue reading »

 

Gold: Elliott Wave update for October 2014

Gold daily - Oct 2014

Click here to see wave degree labeling key (popups required) -- Click on chart for larger image.
By Sannleikur Komist

The fourth wave triangle has completed as projected. Gold continues to work its way lower into Intermediate wave (5).

S&P 500 Index
Elliott Wave update for week ending 10/17/2014

S&P 500 Index

Click here to see wave degree labeling key (popups required) -- Click on chart for larger image.
By Sannleikur Komist

The S&P 500 is still tracking in lockstep with the Dow Jones Industrials. Like the Dow, the S&P will continue its downward trek in the coming week. The corrective rally Thursday and Friday should have relieved the oversold pressure from earlier in the week allowing the index to trace out new lows over the coming week or so.

Dow Jones Industrial Average
Elliott Wave update for week ending 10/17/2014

Dow Jones Industrial Average

Click here to see wave degree labeling key (popups required) -- Click on chart for larger image.
By Sannleikur Komist

The Dow Jones Industrial Average is still tracing out a downward path. The corrective rallies on Thursday and Friday should have relieved the oversold pressure from the larger decline earlier in the week, paving the way for a further decline in the coming week.

Fed head tries to talk up the stock market by talking up the economy

janet yellen no worries
Dateline: Washington, DC, 10/15/2014
Media Outlet: Bloomberg News
Article Headline: Yellen Said to Voice Confidence in U.S. Economic Expansion
Map View:

“If you can’t dazzle them brilliance, baffle them with bulls**t”. That appears to be the plan out of the Federal Reserve as the Fed Chair,  Janet Yellen, expresses overt confidence in the economic strength of the US — the message leaked from behind a closed door meeting that took place over the weekend in Washington.

Steve Hochberg talks about why he believes the stock markets have all topped and what to expect next (audio)

Steve Hochberg

EDITORIAL
By Sannleikur Komist

In this short audio clip from Market Wrap Radio on October 14th, Steve Hochberg talks about volatility and explains why Elliott Wave International believes the stock markets have all now topped. 

Dow Jones Industrial Average plunges 370 points at the open. As pundits scramble to find an answer why, Elliott Waves are predicting continued decline

down market chart
By Sannleikur Komist

While the talking heads at CNBC and other market analyst networks scratch themselves with confusion and bewilderment, those following the Elliott Wave analysis by Global Deflation News were not surprised by the Dow’s 370 point plunge this morning or the nearly 500 point drop by early afternoon.

Buenos Aires’ ‘Hoovervilles’ continue to grow in the midst of a shrinking social housing budget

Buenos Aires slums

Dateline: Buenos Aires, Argentina, 10/14/2014
Media Outlet: Buenos Aires Herald
Article Headline: Population in City shantytowns grows by 68%
Map View:

Over half a million people  are homeless in the squalor of the slums in Argentina’s largest and capital city of Buenos Aires. That’s about 17% of the city’s population of three million, and the numbers are growing.

Don’t Get Ruined by These 10 Popular Investment Myths (Part IV)
an educational series from Elliott Wave International

myth vs reality

By Elliott Wave International

Interest rates, oil prices, earnings, GDP, wars, terrorist attacks, inflation, monetary policy, etc. — NONE have a reliable effect on the stock market.

You may remember that during the 2008-2009 financial crisis, many called into question traditional economic models. Why did the traditional financial models fail? And more importantly, will they warn us of a new approaching doomsday, should there be one? This series gives you a well-researched answer.

Canberra rents fall 5% from last year’s rates – increasing unemployment and unit vacancies helping drive rents down

Home For Rent
Dateline: Canberra, Australia, 10/10/2014
Media Outlet: The Canberra Times
Article Headline: Canberra rents weakened in September
Map View:

It’s no secret that Australia’s housing market has been in a bubble, but the latest economic signs point to a possible leak in that bubble. October’s Domain Group rental report for Canberra revealed that housing and apartment rental rates fell over the last year, good news for tenants but not so much for landlords.

Dow Jones Industrial Average
Elliott Wave update for week ending 10/10/2014

Dow Jones Industrial Average Click here to see wave degree labeling key (popups required) -- Click on chart for larger image.


By Sannleikur Komist

The Dow Jones Industrial Average has steadily declined since it peaked on Sept. 19th. There are multiple interpretations of the current structure, including a  bullish one that could see the Dow recover to new highs. But there is overwhelming evidence pointing toward further declines in both the Dow and the S&P 500.

S&P 500 Index
Elliott Wave update for week ending 10/10/2014

S&P 500 Index

Click here to see wave degree labeling key (popups required) -- Click on chart for larger image.
By Sannleikur Komist

The S&P 500 Index has steadily declined since its peak on Sept. 19th. It is only pennies from dropping below the Minuette wave ( iv ) low on Aug. 7th of 1904.78, a key level of support if the index intends to try to make a new high. Unlike the Dow, the S&P remains positive on the year, but its rapid decline could change that condition rather quickly. 

Don’t Get Ruined by These 10 Popular Investment Myths (Part III)
an educational series from Elliott Wave International

myth vs reality

 By Elliott Wave International

Interest rates, oil prices, earnings, GDP, wars, terrorist attacks, inflation, monetary policy, etc. — NONE have a reliable effect on the stock market.

You may remember that during the 2008-2009 financial crisis, many called into question traditional economic models. Why did the traditional financial models fail? And more importantly, will they warn us of a new approaching doomsday, should there be one? That’s a crucial question to your financial well-being. This series gives you a well-researched answer.

More deflationary evidence in Europe and Asia – world’s largest shipping company reporting falling freight rates

Maersk Line

Dateline: Copenhagen, Denmark, 10/10/2014
Media Outlet: gCaptain.com
Article Headline: Asia-Europe Freight Rates Fall 10 Percent, Hit Year Low
Map View:

According to Reuters, shipping rates for ports from Asia to Norther Europe fell by over 10% for the week ending 10/10/2014. Rates have fallen for four consecutive weeks and 29 of the last 36 weeks.

Deflation continuing to gnaw away at UK home prices – purchase approvals drop in response

UK home sales

Dateline: London, England, 10/10/2014
Media Outlet: International Business Times
Article Headline: UK Home Purchase Approvals Fall Over the Last Year as House Prices Dip
Map View:

A monthly uptick in purchase approvals for August could not raise the rate high enough to avoid a YoY decline in the approval rating of 1.8%. Declining house prices is blamed.

Recognizing changing social mood is key to understanding why the herd is causing the stock market to fall

herding sheep

EDITORIAL
By Sannleikur Komist

You have often heard me say that it is “endogenous social mood”, i.e., the subconscious mood of the collective herd that moves markets. It’s not news or current events as so many economic and financial analysts tend to believe. In fact, the causality is precisely the opposite, social mood causes the news. You can see social mood ebb and flow in the charts of many types of social interaction, from the length of hemlines to the types of movies being made to the rise and fall of the stock markets. When people are happy and comfortable with their lives hemlines rise, movies are upbeat and positive and the stock markets go up. Waning social mood sees hemlines fall, movies become dark and somber and stock markets decline.