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Never before offer from Elliott Wave International… Open House – Free!
Prechter makes available every service, no exceptions, for 7 days

Affiliate Ad From Sannleikur Komist Whether you are a die hard Elliott Wave practitioner, a skeptic of Elliott wave theory, or you are just curious what Elliott waves are all about, DO    Continue reading »

Deflation hits French farmers who set fire to tax and insurance offices in Brittany

One of the most important indicators of social mood is social behavior. As deflation begins to grip the European Union with ever greater force, it shouldn’t be surprising that people affected by    Continue reading »

Japan takes page from U.S. playbook – blames weather for deteriorating economy

Abenomics is struggling in Japan. The government will presumably lower its assessment of the economy in its September monthly report.     Continue reading »

"The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale" — Thomas Jefferson

EDITORIAL In the past 12 months, the United States of America has increased the debt of the nation in excess of $1 trillion dollars. Our children and their children and perhaps our    Continue reading »

Ink + Paper Doesn’t Equal Value: Prechter on Fiat Money
a report from Elliott Wave International

By Elliott Wave International My dad will turn 84 this year. When he was born, you could walk into a Federal Reserve Bank or the Treasury and redeem your paper money for    Continue reading »

Spain enters the deflation zone- Europe’s fourth largest economy on the ropes

Falling wages and prices are symptoms of deflation.  Spain’s economy is still shrinking, despite the rhetoric claiming it is slowly recovering from a two year recession.    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 »

 

Never before offer from Elliott Wave International… Open House – Free!
Prechter makes available every service, no exceptions, for 7 days

EWI Open House

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Deflation hits French farmers who set fire to tax and insurance offices in Brittany

Morlaix tax fire

Dateline: Morlaix, France, 9/20/2014
Media Outlet: BBC News
Article Headline: French farmers torch tax office in Brittany protest
Map View:

One of the most important indicators of social mood is social behavior. As deflation begins to grip the European Union with ever greater force, it shouldn’t be surprising that people affected by the falling prices which accompany deflation will act out as they panic about their futures. French farmers are such a group of people.

S&P 500 Index
Elliott Wave update for week ending 9/19/2014

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 is at an all-time high and exhibiting the most cavalier of attitudes as it continues its “flight from safety” ascent. Buy, buy buy! is nearly every financial consultant’s advice. In addition, this week’s Alibaba IPO, the biggest ever in the history of the stock market, marks the perfect time for the final peak in equities, one last hurrah before sliding into the deadliest decline in stock market history.

Dow Jones Industrial Average
Elliott Wave update for week ending 9/19/2014

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


By Sannleikur Komist

From all appearances, the Dow Jones Industrial Average seems to have put in a top this past week. While there is a chance of further gains in the coming week, the chance is slim. The downward trek should begin on Monday if it hasn’t already begun.

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

mythvsreality

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? That’s a crucial question to your financial well-being. This series gives you a well-researched answer.

Here is Part II…

Japan takes page from U.S. playbook – blames weather for deteriorating economy

Abe photo

Dateline: Tokyo, Japan, 9/17/14
Media Outlet: Japan Times
Article Headline: Government to lower economic assessment
Map View:

Abenomics is struggling in Japan. The government will presumably lower its assessment of the economy in its September monthly report. 

"The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale" — Thomas Jefferson

Thomas Jefferson

EDITORIAL
By Sannleikur Komist


In the past 12 months, the United States of America has increased the debt of the nation in excess of $1 trillion dollars. Our children and their children and perhaps our children’s children, are now on the hook for money they owe, through no fault of their own, approaching $18 trillion dollars and growing.

national debt

Scottish Independence Vote spurs banks to prepare for bank runs

Scottish Independence Vote

Dateline: Scotland, 9/16/2014
Media Outlet: The Independent
Article Headline: Scottish independence exclusive: Millions of banknotes sent to Scotland in case Yes vote sparks run on ATMs
Map View:

Major banks in Scotland are concerned that a YES vote in Thursdays Independence election could prompt a run on Scottish banks by customers fearful of the affect on their deposit accounts.

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

mythvsreality

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? That’s a crucial question to your financial well-being.

This series gives you a well-researched answer.

Here is Part I…

S&P 500 Index
Elliott Wave update for week ending 9/12/2014

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 remained on its primary track from last week’s update, however, the count remains unsure and we can not, yet, dismiss the alternate count.

Ink + Paper Doesn’t Equal Value: Prechter on Fiat Money
a report from Elliott Wave International

moneyprinting

By Elliott Wave International

My dad will turn 84 this year. When he was born, you could walk into a Federal Reserve Bank or the Treasury and redeem your paper money for gold. It actually said you could on every piece of U.S. paper currency:

“Redeemable in gold on demand at the United States Treasury, or in Gold or lawful money at any Federal Reserve Bank.”

You can’t do that today, which helps explain why my dad is so grumpy.

Spain enters the deflation zone- Europe’s fourth largest economy on the ropes

don quixote

Dateline: Madrid, Spain, 8/28/2014
Media Outlet: Euro Weekly News
Article Headline: Spain flirting with deflation as prices decline
Map View:

Falling wages and prices are symptoms of deflation.  Spain’s economy is still shrinking, despite the rhetoric claiming it is slowly recovering from a two year recession.

More blowback! Poland feeling the effects of sanctions against Russia, gas flow rate cut just before winter season

Gazprom

Dateline: Warsaw, Poland, 9/10/2014
Media Outlet: Bloomberg News
Article Headline: Poland Says Gazprom Cut Gas Supplies via Belarus, Ukraine
Map View:

In a move that should have been expected but apparently wasn’t, Russia’s gas monopoly, Gazprom, has cut natural gas supplies to Poland just before the winter season hits.

Albania’s central bank governor arrested for stealing money from his bank

Adrian Fullani

Dateline: Tirana, Albania, 9/5/2014
Media Outlet: Reuters
Article Headline: Albanian central bank governor arrested over vault theft
Map View:

While most knowledgeable people realize that central bankers are thieves, Albania’s central bank governor has apparently proven it outright. 

S&P 500 Index
Elliott Wave update for week ending 9/5/2014

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 running out of options as the fibonacci 5 year bear market rally teeters on exhaustion. It has a few options left, but it may have already made up its mind.

This will be the only update this week. The Dow Jones Industrial Average has traced out a small five wave decline from its peak on Thursday. If the primary count for the S&P 500 is correct, the Dow will follow the S&P 500 down as the coming week progresses.