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France and Italy are the Next Causalities of the Credit Bubble
the latest report from Elliott Wave International

By Elliott Wave International With Greece now on the verge of exiting the European Union, the contagion that the ECB and the IMF has feared appears to be happening. France and Italy    Continue reading »

Greenspan blames U.S. Government for economic problems, says Fed doing its job just fine (video)

EDITORIAL Former Federal Reserve Chairman, Alan Greenspan, told CNBC that the U.S. economy is the weakest it has been since just after the Great Depression. But it’s not the Fed’s fault, fiscal    Continue reading »

Great Britain on the verge of succumbing to the grip of (good?) deflation

First, there is no such thing as good deflation. But one of the hallmarks of denial as a deflationary depression approaches, is the tendency of economists, market analysts, pundits and the media    Continue reading »

Kaspersky Lab reveals more NSA spying programs – bigger than Stuxnet?

It is a given that today there are thousands of companies around the world digging through their company’s intranet infrastructure looking for evidence of NSA spyware. Why? Because yesterday, Russian cyber-security firm,    Continue reading »

Youth employment a victim of deflationary pressures in Columbus, Ohio

Few people yet attribute the chronic economic problems in the U.S. to a deflating economy, but for those that know what to look for, the evidence just keeps piling up. One such    Continue reading »

European Banks continue to fail – Austria’s Raiffeisen Bank International AG is the latest victim

Banks have been failing all over the Eurozone. Austria’s Raiffeisen Bank International AG is the latest and the biggest to date. In the past, other failed banks could be bailed out by    Continue reading »

The Global Minotaur – a global finance metaphor by the new Greek Finance Minister, Yanis Varoufakis

EDITORIAL Yanis Varoufakis, the new Finance Minister of Greece, has a very interesting view of how the current global economic problems developed and why they continue to get worse instead of better.    Continue reading »

U.S. trade deficit growing, December largest since 2012

The Commerce Department said today that the U.S. trade deficit jumped by 17.1 percent in the fourth quarter of 2014. At $46.6 billion dollars, the increase was the largest since November of    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 »

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 »

 

France and Italy are the Next Causalities of the Credit Bubble
the latest report from Elliott Wave International

euro currency

By Elliott Wave International

With Greece now on the verge of exiting the European Union, the contagion that the ECB and the IMF has feared appears to be happening. France and Italy may be next to succumb to the deflationary vortex enveloping Europe.

France and Italy are the Next Causalities of the Credit Bubble

Greenspan blames U.S. Government for economic problems, says Fed doing its job just fine (video)

Alan Greenspan

EDITORIAL
By Sannleikur Komist

Former Federal Reserve Chairman, Alan Greenspan, told CNBC that the U.S. economy is the weakest it has been since just after the Great Depression. But it’s not the Fed’s fault, fiscal policy is to blame. 

S&P 500 Index
Elliott Wave update for week ending 2/20/2015

S&P 500 Index

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By Sannleikur Komist

How the final wave will play out in the U.S. stock markets remains a mystery. The upcoming week promises to add some drama and maybe even some excitement to the mix as another Fed watch will likely add further volatility to the markets this week.

Here’s What’s Wrong with the ‘Good’ Deflation Argument
the latest report from Elliott Wave International

smiley balloonBy Elliott Wave International

Editor’s note: This article was adapted, with permission, from the February issue of The Elliott Wave Financial Forecast, a publication of Elliott Wave International, the world’s largest market forecasting firm. All data is as of Jan. 30, 2015. Click here to read the complete version of this article, including specific near-term forecasts, 100% free.

Deflation is a decline in the supply of money and credit relative to goods and services in an economy. History shows us that the most important deflationary episodes are invariably accompanied by comparable declines in equity, factory and retail prices.

Great Britain on the verge of succumbing to the grip of (good?) deflation

groceries
Dateline: London, England, 2/17/2015
Media Outlet: The Telegraph
Article Headline: Why British consumers can look forward to 'good' deflation
Map View:

First, there is no such thing as good deflation. But one of the hallmarks of denial as a deflationary depression approaches, is the tendency of economists, market analysts, pundits and the media to attempt to moderate the impending problem with a heavy dose of sugarcoated rationalism. 

Kaspersky Lab reveals more NSA spying programs – bigger than Stuxnet?

NSA_utah
Dateline: San Francisco, Calif., 2/16/2015
Media Outlet: Reuters
Article Headline: Russian researchers expose breakthrough U.S. spying program
Map View:

It is a given that today there are thousands of companies around the world digging through their company’s intranet infrastructure looking for evidence of NSA spyware. Why? Because yesterday, Russian cyber-security firm, Kaspersky, revealed and published the technical details of the ability of the National Security Agency (NSA) to eavesdrop on practically any computer in the entire world.

10 Year U.S. Treasury Index (yield)
Elliott Wave update for week ending 2/12/2015

10YR_021615_daily

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By Sannleikur Komist

The 10 Year U.S. Treasury yield decided to take one more crack at a new low earlier this month when it declined to 1.651%.  But over the last 10 days, yields have risen as high as  2.04% with further advances in store. 

Free four-part traders Video series from EWI – 2015 Outlook for Euro, Gold and Crude

oil and goldBy Elliott Wave International

Experienced traders say that sometimes, just 2 or 3 good trades make their entire year.

True: If you get in early and ride the trend for a few weeks or months, that may be all you need. That’s why having a perspective on the markets is so important.

That’s also why, our friends at Elliott Wave International, have hand-picked the best clips from their trader-focused “Outlook 2015″ video series to share with you and give you a fresh perspective in 5 key markets: EURUSD, EURJPY, GBPJPY, Crude Oil & Gold

S&P 500 Index
Elliott Wave update for week ending 2/13/2015

S&P 500 Index

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By Sannleikur Komist

Since the beginning of the year the short term wave counts have been muddled at best. It’s time to step back and look at the bigger picture again.

Youth employment a victim of deflationary pressures in Columbus, Ohio

jobless
Dateline: Columbus, Ohio, 2/13/2015
Media Outlet: The Columbus Dispatch
Article Headline: Too many central Ohio youths are unhirable, reports warn
Map View:

Few people yet attribute the chronic economic problems in the U.S. to a deflating economy, but for those that know what to look for, the evidence just keeps piling up. One such problem is that the growing gap between the available jobs in America and the skill sets necessary to land one just keeps getting wider. 

European Banks continue to fail – Austria’s Raiffeisen Bank International AG is the latest victim

Raiffeisen Bank
Dateline: Vienna, Austria, 2/12/2015
Media Outlet: Bloomberg News
Article Headline: Raiffeisen Debt Signaling Distress as Currency Woes Mount
Map View:

Banks have been failing all over the Eurozone. Austria’s Raiffeisen Bank International AG is the latest and the biggest to date. In the past, other failed banks could be bailed out by taxpayers. But a new European Union law, which went into effect on January 1st, forces junior bond holders to bear the losses before the bank will be eligible for state aid, a bail in versus a bail out.

The “Big Lie” About the U.S. Jobs Picture
the latest report from Elliott Wave International

By Elliott Wave International

The financial media has recently featured stories with an upbeat outlook for the U.S. economy.

For example: The economy is on track for “the fastest growth in a decade” (Associated Press), and “Experts expect jobs aplenty in ’15″ (USA Today). This upbeat tone is related to December’s U.S. jobless rate of 5.6%, its lowest since June 2008.

This despite some 30 million people who are either out of work or severely underemployed.

The Global Minotaur – a global finance metaphor by the new Greek Finance Minister, Yanis Varoufakis

Minotaur

EDITORIAL
By Sannleikur Komist

Yanis Varoufakis, the new Finance Minister of Greece, has a very interesting view of how the current global economic problems developed and why they continue to get worse instead of better.

In this four part video interview with Varoufakis, he explains, in metaphorical terms, how the United States has played the major role in collapsing the global economies and why Europe’s economies, through their own mismanagement, have little hope of surviving another looming financial crisis. 

S&P 500 Index
Elliott Wave update for week ending 2/6/2015

S&P 500 Index

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By Sannleikur Komist

The S&P 500 Index is still tracking the Dow almost move for move. Like the Dow, it continues to trace out an upward flat and may have turned downward Friday afternoon. Still, the possibility remains that one more high can be eeked out before cycle wave b comes to an end.

Dow Jones Industrial Average
Elliott Wave update for week ending 2/6/2015

Dow Jones Industrial Average

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By Sannleikur Komist

Little clarity was added to the overall picture from last week’s chart of the Dow Jones Industrial Average. The beginning of the coming week should start to make some sense as there is no more room for further sideways movement. The market will have to make up it’s mind which direction it intends to go.