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Deflationary forces continue to exert pressure on China’s housing market

New home prices continue to fall in China as inventories rise. China’s National Bureau of Statistics reported last month that prices have dropped in 69 of the 70 cities it monitors.    Continue reading »

Santayana will be proven right again as politicians and bankers forget why there was a housing crisis

EDITORIAL By Sannleikur Komist After the housing crash in 2006 and 2007, the Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac, failed. Full of toxic waste dumped on them by the    Continue reading »

France’s parliament proposes vaguely worded laws to ban immigrants coming from other EU countries

Of all the policies that define the European Union, perhaps the most controversial is the one declaring that all citizens of a member nation are free to move about the other member    Continue reading »

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 »

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 »

 

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

myth vs reality

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

By Elliott Wave International

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.

Myth #5: “GDP drives stock prices.”

Deflationary forces continue to exert pressure on China’s housing market

china housing bubble

Dateline: Beijing, China, 10/23/2014
Media Outlet: Bloomberg News
Article Headline: China Home-Price Drop Spreads as Easing Doesn’t Halt Fall
Map View:

New home prices continue to fall in China as inventories rise. China’s National Bureau of Statistics reported last month that prices have dropped in 69 of the 70 cities it monitors.

Dow Jones Industrial Average
Elliott Wave update for week ending 10/24/2014

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


By Sannleikur Komist

Last week’s assumption that the Dow was making a fourth wave correction was obviously wrong. Apparently the Dow completed Minor degree wave 1 and is in the process of completing the wave 2 correction.

Santayana will be proven right again as politicians and bankers forget why there was a housing crisis

Fannie for sale

EDITORIAL
By Sannleikur Komist

After the housing crash in 2006 and 2007, the Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac, failed. Full of toxic waste dumped on them by the mortgage lending industry at the behest of the politicians who saw votes in making houses affordable to people who couldn’t afford them, the two quasi-governmental agencies had to be bailed out by the U.S. taxpayer. One would think both the lending institutions and the politicians would have learned some lessons from the resulting real estate crash, the largest housing crisis in history. One would be wrong.

Bear Markets Move Fast
the latest report from Elliott Wave International

bear2

By Elliott Wave International

As Bob Prechter says, bear markets move fast and are intensely emotional.

Reading this free report could help you sidestep perhaps the biggest bear market in living memory. Anyone who has been watching the market for the past few years knows that Wall Street wanted the stock market to get back to where it was, to the optimism and price levels in the time before the 2008-2009 financial crisis.

France’s parliament proposes vaguely worded laws to ban immigrants coming from other EU countries

french parliament
Dateline: Paris, France, 10/20/2014
Media Outlet: The Telegraph
Article Headline: France proposes to bar 'undesirable' EU migrants on terror grounds
Map View:

Of all the policies that define the European Union, perhaps the most controversial is the one declaring that all citizens of a member nation are free to move about the other member nations unrestricted. The EU policies were developed to ensure the free movement of people, goods, services, and capital, enact legislation in justice and home affairs, and maintain common policies on trade, agriculture, fisheries, and regional development. When France voted to join the EU, it explicitly agreed to the policies. But newly proposed legislation in the French parliament threatens that agreement.

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.