Special Report from Prechter: 10 Pages on the Most <b>Underreported</b> Financial Story of 2012

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Special Report from Prechter: 10 Pages on the Most Underreported Financial Story of 2012
It's time for the blunt language you'll read in this report

By Robert Folsom
Thu, 07 Jun 2012 12:30:00 ET

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The yield on the U.S. Treasury's 10-year note has just declined to the lowest level in American history.

This is an astonishing fact. It's arguably the most underreported financial news story of 2012.

But what is even MORE astonishing is how universally UNEXPECTED this crash in yields has been. Since 2008, the entire Wall Street-Economist-Media complex has predicted higher yields and inflation, based on two reasons:

1. "Quantitative easing" by the Federal Reserve (pumping credit into the economy), and

2. Immense amounts of "stimulus" by the government (in a word, spending).

Now, we all know that the central bank and the government both followed this script to the letter. Yet Treasury yields do NOT follow a "script" -- so they FELL anyway.

Thus the outcome -- in the blunt language of the just-posted Special Report from Bob Prechter, Steve Hochberg and Pete Kendall -- is now painfully obvious:

"Those betting against bonds have lost a lot of money, especially since 2009."

Prechter, Hochberg and Kendall's Special Report is a ten-page reply to the simple question they ask:

What do you think it means now that the public is heavily invested in U.S. government bonds?

The Special Report also includes 13 charts that you simply will not find elsewhere in a single publication. One particular chart depicts the complete, 91% decline in Treasury yields since 1981 -- which in fact, Bob Prechter's contrarian analysis has both anticipated and explained for three decades.

The forecast in Prechter, Hochberg and Kendall's just-published Special Report is no less contrary, and every bit as insightful. This 10-page report and charts can be on your screen in moments, as part of a subscription to the Financial Forecast Service.

You'll also have instant access to the 21-page double issue of the latest Elliott Wave Theorist, the new Financial Forecast and our near-term forecasts for stocks, bonds, gold, silver, the U.S. dollar and more via our 3-days a week Short Term Update.

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Tags: credit rating, Elliott wave, Interest Rates, junk bonds, Robert Prechter, safe haven, treasury yields, U.S. Treasuries

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