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

South Florida housing recovery anemic for the poor, just fine for the rich

In south Florida it is easy to see the widening gap forming between the haves and the have nots. Just look at the anemic housing recovery for the poor and middle class    Continue reading »

Over half of all Student Loan borrowers are delinquent on their payments

The number of student loans under stress just keeps on rising. The most common type of federal student loan, Direct Loans, are not being repaid on time according to the Department of Education.     Continue reading »

If Japanese monkeys are affected by Fukushima, how long before the Japanese people are too?

Blood abnormalities linked to the radioactive fall-out from the 2011 nuclear power plant disaster have been detected in wild monkeys near the Fukushima region of Japan, according to a new scientific study.    Continue reading »

Trader Education Week – at Elliott Wave International – Aug 20-27 — FREE!

FREE promotion!! By Elliott Wave International Whether you are a market trader or just someone who wants to know more about Elliott Wave Theory and how to use it to take advantage    Continue reading »

25 percent of Atlantic City’s casinos gone – gambling fast becoming a thing of the past in NJ resort

No buyers could qualify for the bankruptcy sale of Atlantic City’s newest luxury casino, the Revel. It will shutter its doors in September joining other once famous names like Trump Plaza and    Continue reading »

Stockman’s warning on the global economy: “…all hell is going to break loose.”

We don’t usually reference controversial blog posts on this site, but this interview with David Stockman, former director of the Office of Management and Budget (OMB) under Ronald Reagan, echos many of    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 »

 

S&P 500 Index
Interim Elliott Wave update for week ending 8/22/2014

S&P 500 Index

Click here to see wave degree labeling key (popups required)
By Sannleikur Komist

This week’s new high in the S&P 500 forces us to adjust the count to one of the alternate counts. I said last week that there was a chance that the DOW and the S&P could eek out another new high. Turns out, it was a better than expected chance.

2 Examples of the Forecasting Ability of the Elliott Wave Principle
a trading lesson from Elliott Wave International

EWI Trader Education Week

By Elliott Wave International

The following article was written by ElliottWave International’s Senior Instructor Jeffrey Kennedy to show what you can expect from a market at the completion of various Elliott wave patterns. Jeffrey, a Chartered Market Technician and highly sought-after speaker and teacher, will host a free Trader Education Week, August 20-27. Learn more now.


Some people think the Wave Principle is complicated. But, in reality, all you need to know to find trading opportunities are the five core patterns: impulse waves and diagonals move in the direction of the larger trend; the zigzag, triangle and flat are corrective waves that move against that trend.

It’s not too late to take advantage of this FREE week of Elliott Wave Instruction!

South Florida housing recovery anemic for the poor, just fine for the rich

foreclosure sign

Dateline: Miami, Florida, 5/4/2014
Media Outlet: Miami Herald
Article Headline: A lopsided comeback: How the housing recovery favors the rich
Map View:

In south Florida it is easy to see the widening gap forming between the haves and the have nots. Just look at the anemic housing recovery for the poor and middle class compared to the rich.

Over half of all Student Loan borrowers are delinquent on their payments

graduate students

Dateline: United States, 8/20/2014
Media Outlet: Huffington Post
Article Headline: These 9 Charts Show America's Coming Student Loan Apocalypse
Map View:

The number of student loans under stress just keeps on rising. The most common type of federal student loan, Direct Loans, are not being repaid on time according to the Department of Education. 

Dow Jones Industrial Average
Elliott Wave update for week ending 8/15/2014

dow081514_1hr

Click here to see wave degree labeling key (popups required)
By Sannleikur Komist

The Dow Jones Industrial Average and the S&P 500 seem to be in sync at the moment. See this week’s S&P 500 write up for market commentary.

S&P 500 Index
Elliott Wave update for week ending 8/15/2014

S&P 500 Index

Click here to see wave degree labeling key (popups required)
By Sannleikur Komist

The S&P 500 Index performed slightly stronger than expected this week but internals look to be weakening into the countertrend rally. 

One apple in Omaha fell a long way from the tree- Howard would not be happy with Warren

Ron Paul - Howard Buffett

Seventy years ago the father of Warren Buffett penned the excerpts cited below. Howard Buffett was a true libertarian, a believer in sound money, a gold standard and the Austrian School laissez-faire philosophy toward government interference with the economy. Warren, unfortunately, didn’t inherit either his father’s character or his libertarian ethics, choosing instead to align himself with the miscreants of Wall Street and the Federal Reserve, forcing us to conclude that Warren was one apple that fell a long ways from the tree.

If Japanese monkeys are affected by Fukushima, how long before the Japanese people are too?

Japanese Macaque Monkeys
Dateline: Fukushima, Japan, 7/24/2014
Media Outlet: The Guardian
Article Headline: Japanese monkeys' abnormal blood linked to Fukushima disaster – study
Map View:

Blood abnormalities linked to the radioactive fall-out from the 2011 nuclear power plant disaster have been detected in wild monkeys near the Fukushima region of Japan, according to a new scientific study.

Trader Education Week – at Elliott Wave International – Aug 20-27 — FREE!

8wavecycle

FREE promotion!!

By Elliott Wave International

Whether you are a market trader or just someone who wants to know more about Elliott Wave Theory and how to use it to take advantage of the stock market, then Elliott Wave International’s latest FREE promotion is for you. You have an opportunity to spend the next week learning how you can spot high-confidence trade setups in the charts you follow every day.

Elliott Wave International (EWI) is hosting a free Trader Education Week, August 20-27. Register now and get instant access to free trading resources – plus you’ll receive more lessons as they’re unlocked each day of the event. On August 26, you will be invited to join Jeffrey Kennedy live, online, for that day’s lesson and you will have the opportunity to ask Jeffrey questions about the lesson he teaches that day.

Jeffrey Kennedy, EWI Senior Instructor and a Chartered Market Technician, has taught thousands how to improve their trading through his courses, subscription services and as an adjunct professor of technical analysis at Georgia Tech University. Now you have the opportunity to be a student in his online classroom, as he takes complex technical methods and tools and breaks them down so that you can apply them to your trading immediately. 

Don’t miss this opportunity to learn how to spot trading opportunities in the markets you follow.

Register today and get your first 3 free trading resources immediately, plus we’ll alert you to valuable new resources unlocked every day beginning August 20.

Register for Trader Education Week — It’s FREE!


Risk is On the Run in the Stock Market
the latest report from Elliott Wave International

down arrow stocks

By Elliott Wave International

Weak Secondary Stocks and Declining Junk-to-Treasury Bond Ratio Indicate the Stock Market is Ripe for Reversal

The Dow Jones Industrial Average has likely completed the terminal stages of its advance from March 2009 and is in the early stages of a new long-term bear market that will take the Dow to new lows for the foreseeable future.

The following article is adapted from the August 2014 Elliott Wave Financial Forecast, published Aug. 1. For the latest from the Financial Forecast Service, click here.

25 percent of Atlantic City’s casinos gone – gambling fast becoming a thing of the past in NJ resort

Revel Casino
Dateline: Atlantic City, New Jersey, 8/12/2014
Media Outlet: ABC News - Associated Press
Article Headline: Atlantic City's Revel Casino to Close in September
Map View:

No buyers could qualify for the bankruptcy sale of Atlantic City’s newest luxury casino, the Revel. It will shutter its doors in September joining other once famous names like Trump Plaza and The Showboat.

“Silent Crash”: Why the Real Value of the Dow Jones Industrials Matters–
the latest report from Elliott Wave International

Torn Dollar

Editor’s note, by Sannleikur Komist

Throughout modern history, gold has been a common and generally accepted currency in every culture in the world. Until the advent of modern fiat money systems, gold was used both as a real currency and as a physical asset to backup the paper currencies of almost every first world country. Because of its long standing credibility as a commonly accepted currency, it still, today, has value in that regard and those who own physical gold have an asset which will likely stand the test of time no matter how the global currencies fair.

Stockman’s warning on the global economy: “…all hell is going to break loose.”

All Hell Breaks Loose

Dateline: United States, 8/8/2014
Media Outlet: King World News
Article Headline: Stockman - Expect Historic & Worldwide Financial Destruction
Map View:

We don’t usually reference controversial blog posts on this site, but this interview with David Stockman, former director of the Office of Management and Budget (OMB) under Ronald Reagan, echos many of the sentiments endorsed on this website. Stockman has an understanding of global economics not typical of most economists today. So when he says that “…all hell is going to break loose”, we listen and we think you should too.

Dow Jones Industrial Average
Elliott Wave update for week ending 8/8/2014

Dow Jones Industrial Average

Click here to see wave degree labeling key (popups required)
By Sannleikur Komist

The Dow looks to have finished Subminuette wave i down. For the next few days, a three wave correction should take place, after which the Dow will resume its downward trek.

S&P 500 Index
Elliott Wave update for week ending 8/8/2014

S&P 500 Index

Click here to see wave degree labeling key (popups required)
By Sannleikur Komist

The S&P 500 has probably completed Subminuette wave i and begun the wave ii correction. Look for a bounce in the next few days to carry the S&P higher.