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"Audit the Fed"? We've Already Done That (Well, Kind of)
Our conclusion: The Fed is not in control of the economy -- here's why

By Nico Isaac
2/26/2015 6:30:00 AM

The controversial "Audit the Fed" bill is soon before Congress. But, we at EWI have long since conducted our own "audit" of the Fed -- and the results might shock you.

Filed Under: bailouts, banks, Bob Prechter, central banks, charts, Club EWI, commodities, Conquer the Crash, credit crisis, crude oil, debt, debt crisis, deflation, Elliott wave, Elliott Wave Education, Elliott Wave Theorist, great depression, gross domestic product (GDP), inflation, Interest Rates, market myths, quantitative easing, Robert Prechter, U.S. Federal Reserve (the Fed)

Category: U.S. Economy

Inside Look: The Specter of Global Debt Default is Once Again Rearing its Head
Free peek inside our flagship publication -- and invitation to our first-ever, free Investor Open House (Sept. 25-Oct. 1)

By Editorial Staff
9/25/2014 10:45:00 AM

In recent weeks, the specter of global debt default is once again rearing its head. On August 1, Argentina defaulted on its sovereign debt, which occurred on the heels of bond defaults in South African and Portuguese banks. Meanwhile, Chinese property companies are starting to fail ...

Filed Under: debt crisis, financial forecast, inside look, Peter Kendall, steve hochberg

Category: Stocks

(Video) 4% GDP Growth -- And "The Age-Old Story of Easy Credit"
Subprime lending is ba-ack!

By Vadim Pokhlebkin
7/30/2014 4:30:00 PM

"The age-old story of easy credit" is in the middle of another chapter. Once again, lenders and borrowers believe that the future is bright enough for the easy money to be paid back. You may ask, what’s wrong with such optimism?

Filed Under: credit crisis, credit rating, debt, debt crisis, Elliott wave, subprime lending, video, Video - Featured

Category: U.S. Economy

(Video) Subprime Car Loans Soar Ten Fold: A Huge Turn Ahead?
A wave of car loan defaults may be just ahead

By Bob Stokes
6/5/2014 4:00:00 PM

Subprime car loans have soared 10X since 2008-2009. Is a crash dead ahead?

Filed Under: credit crisis, debt crisis, Elliott wave, subprime lending, video, Video - Featured

Category: U.S. Economy

(Video) The Fed Hasn't Stopped a Credit Bubble, It Helped Start One
And why the real beneficiary of easy lending is not a rising stock market

By Nico Isaac
4/9/2014 5:15:00 PM

In order to know exactly what the US Federal Reserve is capable of, first you have to know what it's not capable of. Controlling the performance of the world's leading stock markets -- what side does that fall into, can or can't? 

Filed Under: central banks, credit crisis, debt, debt crisis, Dow Jones Industrial Average (DJIA), Elliott wave, financial forecast, great depression, Interest Rates, junk bonds, monetary policy, stock indexes, U.S. Federal Reserve (the Fed), Video - FRUP, Wall Street

Category: Stocks

(Video) The Crisis in Ukraine: What’s Next?
Social mood is another term for the shared inclination of a society. The conflict between Russia and Ukraine is a dramatic example of social mood in action.

By Vadim Pokhlebkin
3/3/2014 4:30:00 PM

For 3 years, Russia’s stock market has been drifting lower. Here is why that’s important to the ongoing conflict between Ukraine and Russia.

Filed Under: authoritarianism, Bear market, debt crisis, deflation, Elliott wave, emerging markets, europe, European debt crisis, european markets, European Union (EU), eurozone, investment strategy, social mood, video, Video - Featured

Category: European Markets

Debt of Advanced Economies Near 200-Year High
IMF research says 1930s-style debt defaults are possible

By Bob Stokes
1/17/2014 12:15:00 PM

Many economic observers expect good times ahead despite a historic mountain of debt. Learn what a new International Monetary Fund paper suggests about the economic future, as well as what EWI sees ahead.

Filed Under: CNBC, Conquer the Crash, debt crisis, economic indicators, Elliott wave, great depression, soverign debt crisis

Category: U.S. Economy

(VIDEO) What is the Debt Situation in Europe and the U.S.?
Insight from Steve Hochberg

By Editorial Staff
10/24/2013 1:45:00 PM

In this video clip from Steve Hochberg’s “Don’t Get Caught Holding the Bag” presentation, recorded at the San Francisco MoneyShow, Elliott Wave International’s Chief Market Analyst addresses a popular question we get at EWI.

Filed Under: debt, debt crisis, europe, steve hochberg, video

Category: Stocks

U.S. Consumers Poised for a Buying Strike
Elliott Wave International expects public confidence in the economy to sink even further

By Bob Stokes
10/15/2013 4:45:00 PM

The economic confidence of the U.S. public has been sharply declining, and EWI believes that future surveys will reveal further deterioration in the public's mood. See a chart that shows the trend of consumer confidence since the year 2000.

Filed Under: consumer confidence, consumer price index, consumer spending, debt crisis, economic indicators, Elliott wave

Category: U.S. Economy

2 Prominent Bubbles are Set to Implode
The consequences of a historical debt crisis will soon be manifest

By Bob Stokes
10/11/2013 4:00:00 PM

The federal spending and student loan bubbles pose a perilous challenge to the U.S. economy. Elliott Wave International believes that both are unsustainable. Now is the time to prepare for the consequences of a historic debt crisis.

Filed Under: CNBC, debt crisis, Elliott wave, Robert Prechter, subprime lending

Category: U.S. Economy

Financial Firms Sell Big Blocks of Puerto Rico's Bonds
Add a tropical U.S. territory to the debt-ridden list

By Bob Stokes
10/10/2013 4:45:00 PM

The U.S. debt crisis extends from the federal to local governments, and even includes a U.S. territory, which, until recently, was "the belle of the bond markets." Tax-exempt interest is an allure, yet learn why Robert Prechter says this appealing feature of municipal bonds can turn into a trap.

Filed Under: debt crisis, Elliott wave, Greek debt, Interest Rates, municipal bonds, Robert Prechter, Sovereign Debt, Treasury bonds

Category: Interest Rates

U.S. Dollar: Demand Goes Through the Roof
How might the surging demand for dollars impact EUR/USD and other forex markets?

By Vadim Pokhlebkin
10/9/2013 12:30:00 AM

October 8, Reuters -- “Demand for dollar cash outside the United States surged on Tuesday, with market participants paying sharply higher premiums to get their hands on dollars to tide them over a mid-October deadline to raise the U.S. borrowing limit.” What does this mean for the USD’s exchange rate against other currencies?

Filed Under: debt ceiling, debt crisis, debt downgrade, deficit, Elliott Wave trading, euro, euro/USD exchange rate, forex, forex trading, U.S. dollar

Category: Currencies

Which American City Will Be the Next Detroit?
Historically low default rates on municipal bonds is the bait in the trap

By Bob Stokes
8/26/2013 5:00:00 PM

The historically low default rate of municipal bonds is a lure that will trap millions of unsuspecting investors. The list of American cities facing severe budget shortfalls and huge pension liabilities is long. Which city will be the next Detroit?

Filed Under: credit crisis, debt crisis, Elliott wave, Interest Rates, municipal bonds, pension funds, Robert Prechter

Category: U.S. Economy

Detroit’s Financial Motor Finally Conks Out
Expect other municipalities’ motors to conk out, too

By Bob Stokes
7/19/2013 5:15:00 PM

Detroit joins a list of municipalities that have had to raise the financial white flag in recent years due to decades-long spending sprees and excessive borrowing. Expect other municipalities’ financial motors to conk out, too. Yet, the tentacles of deflation reach far beyond the finances of state and local governments.

Filed Under: debt crisis, deflation, Elliott wave, municipal bonds, Robert Prechter

Category: U.S. Economy

No Time to Play Ostrich About Europe’s Economy
The U.S. might want to pay attention to the EU’s persistent economic contraction

By Bob Stokes
6/28/2013 5:15:00 PM

European deflation has arrived in the U.S. before. So, it’s worth asking the question: Is history set to repeat? Consider what has been happening recently in the European Union and the United States.

Filed Under: debt crisis, deflation, economic indicators, Elliott wave, European Union (EU), eurozone, great depression, history, soverign debt crisis

Category: U.S. Economy

An Economic Earthquake Shakes U.S. Municipalities
"California dreaming" turns into a Golden State nightmare

By Bob Stokes
5/20/2013 5:15:00 PM

Municipalities have borrowed and spent for decades. A substantial number are going broke. The economic earthquake at the state and local level is part of an even larger seismic shift.

Filed Under: debt crisis, deflation, economic indicators, Elliott wave, housing prices, municipal bonds, Robert Prechter

Category: U.S. Economy

Has the European Central Bank Defeated the Sovereign Debt Crisis Once and For All?
A three-paneled chart reveals whether the critical precondition for recovery, consumer borrowing, is underway in Europe.

By Nico Isaac
3/21/2013 5:15:00 PM

The conventional wisdom would have to agree. Every polled financial pundit from here to the Hellenic Republic insists that – while not totally out of the woods – the worst of the eurozone economic crisis is in the rearview. The universally recognized date for the Continent’s exact turning point is July 2012. That’s when European Central Bank President Mario Draghi tossed his tie over his shoulder to verbally put the naysayers in their place

Filed Under: central banks, debt crisis, euro, europe, european central bank, European debt crisis, european markets, eurozone, liquidity, soverign debt crisis

Category: European Markets

Why Even Federally Insured Bank Deposits Are At Risk
See the newly updated list of the safest U.S. banks

By Bob Stokes
3/19/2013 4:45:00 PM

Cyprus lawmakers voted against the European Union's proposed levy on personal bank accounts in Cyprus. Even so, bank runs in Cyprus may be unavoidable. Depositors in the U.S. can't help but wonder whether bank runs could happen here. It's true that the Federal Deposit Insurance Corporation guarantees U.S. bank accounts up to $250,000. Yet, during a time of severe bank stress, the FDIC's guarantee could actually make a bank crisis even worse. Learn why. Plus, find out how you can access a list of America's safest banks.

Filed Under: banks, Club EWI, Conquer the Crash, debt crisis, deflation, economic indicators, European debt crisis, Federal Deposit Insurance Corporation (FDIC), media, personal finance, risk management, Robert Prechter, safe banks, safe haven

Category: U.S. Economy

Retirement Shock: Corporate Pension Plans Fall Short
Why even insured pension plans could be in trouble

By Bob Stokes
2/26/2013 5:15:00 PM

Vast numbers of people may have to keep working past the age when they hoped to retire. That was the case even before the 2007-2009 financial crisis, and the economic environment since the crisis has produced even more delayed retirements. The evidence suggests that this trend will only grow worse. Perhaps you've read about the pension shortfalls that many municipal governments face. But that's only part of the story.

Filed Under: Conquer the Crash, debt crisis, economic indicators, financial forecast, Robert Prechter

Category: U.S. Economy

The Most Noteworthy Takeaway from the 2013 World Economic Forum
A perfumed outlook doesn't mean the economy passes the smell test

By Bob Stokes
1/29/2013 5:30:00 PM

Harsh economic realities versus the disconnected and extreme economic optimism at Davos should serve as an alarm. But the World Economic Forum is not the only place where economic optimism is in overdrive. Get an independent perspective on global markets and economies.

Filed Under: all the same market theory, CNBC, debt crisis, economic indicators, Elliott wave, european central bank, European debt crisis, eurozone, FTSE, Greek debt, International Monetary Fund (IMF), sentiment

Category: Global Markets

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The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.