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Take out a car loan to invest in the stock market? Crazy advice from CNBC

EDITORIAL Perhaps the most stupid and irresponsible advice I have heard lately, CNBC commentators talk with a stock market analyst who suggests putting your cash into the stock market instead of buying    Continue reading »

Deflationary forces creating global slowdown in shipping, confirmed by Maersk CEO

The CEO of Maersk Line, the world’s largest shipping company, warned that global trade growth is slowing. Søren Skou told the Financial Times yesterday that the sluggish global economy is having a “huge    Continue reading »

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 »

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 »

 

U.S. Dollar Index
Elliott Wave update for week ending 3/13/2015

U.S. Dollar Index

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


By Sannleikur Komist

The U.S. Dollar has extended its fifth wave of Minute degree and carried to nearly par with the Euro. But its juggernaut run will be coming to an end as the parabolic rise approaches a nearly vertical trajectory. 

Dow Jones Industrial Average
Elliott Wave update for week ending 3/13/2015

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 tracking very much in-step with the S&P 500 Index but I am using it this week to present a second alternate scenario for the major market’s movements. I don’t put the odds of this scenario very high, but it’s an interesting possibility to keep an eye on.

S&P 500 Index
Elliott Wave update for week ending 3/13/2015

S&P 500 Index Click here to see wave degree labeling key (popups required) -- Click on chart for larger image.


By Sannleikur Komist

Stocks were down across the board for the second week in a row adding to the probability that a major market trend change has taken place. This week’s chart reflects the two most probable scenarios for next week’s market behavior. Both the primary and alternate scenarios presume further downward pressure on the S&P 500 Index by the end of the week. 

Take out a car loan to invest in the stock market? Crazy advice from CNBC

behind the wheel

EDITORIAL
By Sannleikur Komist


Perhaps the most stupid and irresponsible advice I have heard lately, CNBC commentators talk with a stock market analyst who suggests putting your cash into the stock market instead of buying a car with it.

"Audit the Fed"? We’ve Already Done That (Well, Kind of)

By Elliott Wave International

If there’s one thing the Federal Reserve Board of the United States is not known for, it’s assertive language. After all the obfuscation and verbal sidestepping, Fed speak is usually as easy to comprehend as Marlon Brando’s Godfather character Don “Mumbles” Corleone.

Our conclusion: The Fed is not in control of the economy — here’s why…

Deflationary forces creating global slowdown in shipping, confirmed by Maersk CEO

Maersk Line
Dateline: Copenhagen, Denmark, 3/1/2015
Media Outlet: Financial Times
Article Headline: Maersk warns of slowdown in global trade
Map View:

The CEO of Maersk Line, the world’s largest shipping company, warned that global trade growth is slowing. Søren Skou told the Financial Times yesterday that the sluggish global economy is having a “huge impact for us as an industry.”

S&P 500 Index
Elliott Wave update for week ending 2/27/2015

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 climbed slightly higher, fulfilling last week’s primary projection to complete Minute degree wave [v]. Both the Dow and the S&P 500 closed lower on the week, but the reverse momentum doesn’t convincingly look like an initial five wave downward surge that would support a change in trend direction.

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

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


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

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


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