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Are Successful Forex Traders Just REALLY Lucky?
In 2004, the former Federal Reserve Chairman Alan Greenspan compared successful currency traders to "winners of coin-tossing contests." Fair? No? You decide...

By Vadim Pokhlebkin
4/17/2013 2:30:00 PM

In 2004, in a speech before the Economic Club of New York, the former Federal Reserve Chairman Alan Greenspan compared successful currency traders to "winners of coin-tossing contests." Fair? No? You decide ...

Filed Under: Elliott Wave Principle, Elliott Wave trading, forex, forex trading, Greenspan, market forecasts, technical analysis, technical indicators, trading lessons, U.S. dollar, U.S. Federal Reserve (the Fed)

Category: Currencies


The Federal Reserve Has No Cure for What Ails the Economy
Learn why the credit crisis will inevitably conclude in a deflationary depression

By Bob Stokes
7/18/2012 3:30:00 PM

The Federal Reserve will not be able to prevent a global credit collapse. EWI's Financial Forecast Service offers ideas on how to position yourself. These are ideas you can put to work right away. The unprecedented build-up of credit in the past 80 years means the economic collapse could be swift. It's best to prepare now...

Filed Under: banks, Ben Bernanke, central banks, credit crisis, credit rating, debt, deficit, deflation, economic depression, economic indicators, Elliott wave, european central bank, European debt crisis, Federal Open Market Committee (FOMC), Greenspan, liquidity, M3 money supply, monetary policy, monetization, QE2, quantitative easing, Sovereign Debt, Treasury bonds, U.S. Federal Reserve (the Fed), unemployment

Category: U.S. Economy


Behind Closed Doors at the Fed: Ten Years of Research into America's Central Bank
Free Report Available Now

By Bob Stokes
8/5/2011 5:00:00 PM

External resistance to the Fed's policies is one thing. But the machinations of America's central bank are also encountering resistance from within the Fed itself, albeit "behind closed doors"...

Filed Under: Ben Bernanke, Robert Prechter, central banks, Elliott Wave Theorist, Greenspan, QE2, U.S. Federal Reserve (the Fed)

Category: U.S. Economy


Alan Greenspan: Did He Really "Save the World"?
Discover one revealing example why the Fed doesn't have as much power as most people think.

By Nathaniel Williams
6/14/2011 3:45:00 PM

The mainstream financial media almost always make the Fed out to be a group of all-powerful market magicians. This characterization isn't new. But is it accurate? For just one example, let's take a trip back to 1999...

Filed Under: Ben Bernanke, Campaign for Independent Thinking, central banks, Greenspan, market manipulation, real Dow, U.S. Federal Reserve (the Fed)

Category: U.S. Economy


The Stock Market and the Fed's Quantitative Easing
EWI president Robert Prechter explains why QE1 failed to stabilize the market

By Vadim Pokhlebkin
4/13/2011 2:45:00 PM

Our subscribers and free Club EWI members sometimes ask us questions about the U.S. Federal Reserve bank "supporting the stock market." It's not a surprising question. But here at EWI we are all about "visual aids," namely charts. Think back to the recent past (2008), and take a look at this excerpt from Bob Prechter's January 2011 Elliott Wave Theorist...

Filed Under: Ben Bernanke, fundamental analysis, Greenspan, Robert Prechter, quantitative easing, S&P 500, stock indexes, U.S. Federal Reserve (the Fed)

Category: Stocks


Understanding the Fed
EWI's free eBook explains the common and misleading myths about the U.S. Federal Reserve Bank

By Vadim Pokhlebkin
4/12/2011 6:00:00 PM

What exactly is the function of the Fed? If it's to help the U.S. economy grow steadily, then how come in 2007-2009 we had the biggest stock market crash in decades followed by "the Great Recession" and a worldwide financial crisis? For answers, let's turn to someone who has spent a considerable amount of time studying the Fed and its functions: EWI's president Robert Prechter. This is an excerpt from a free Club EWI eBook...

 

Filed Under: 1929 Stock Market Crash, bailouts, Ben Bernanke, Robert Prechter, Campaign for Independent Thinking, Elliott wave, Greenspan, hyperinflation, inflation, market crash, market manipulation, monetary policy, monetization, Robert Prechter, quantitative easing, Robert Prechter, social mood, Troubled Asset Relief Program (TARP), U.S. Federal Reserve (the Fed)

Category: U.S. Economy


Why "Financial Heroes" Fall from Grace
Chalk it Up to a "Changing Wind"

By Bob Stokes
4/1/2011 5:00:00 PM

The former Fed chairman criticized recent financial regulations and extolled the virtues of a free market; yet Greenspan's essay included a phrase that many commentators latched onto (and laughed about), namely...

Filed Under: central banks, Greenspan, investor psychology, U.S. Federal Reserve (the Fed)

Category: U.S. Economy


'Avoidable' U.S. Financial Crisis Blamed on 2 Fed Chiefs

By Susan C. Walker
1/26/2011 4:30:00 PM

The Financial Crisis Inquiry Commission spreads the blame around for what it calls the "avoidable" 2008 financial crisis. But two Fed chairmen get tarred by the same brush for their role in fostering it and not recognizing it soon enough.

Filed Under: Ben Bernanke, central banks, Greenspan, U.S. Federal Reserve (the Fed)

Category: U.S. Economy


Alan Greenspan and the “Trail of Casualties”
We just want someone to blame... anyone but ourselves.

By Alan Hall
2/19/2009 4:15:00 PM

Bull market heroes become bear market scapegoats. Every hero and hero-wannabe should internalize this socionomic understanding and never forget it. For example, the large-degree shift in social mood that is driving the current bear market is also transforming Former Federal Reserve Chairman Alan Greenspan -- formerly known as the Maestro and "the savior of the world" -- into “The Master of Disaster”...

Filed Under: Greenspan, Bear market

Category: Cultural Trends


U.S. Treasuries: Staying On Track

By Nico Isaac
4/9/2008 4:30:00 PM

No one said it was going to be easy. But this is ridiculous. In order to stay on the trail of the U.S. Treasury market, the powers that be have one word of advise: FOLLOW the mainstream “experts.”  What they don’t tell you is: The path the “experts” blaze has more switchbacks than San Francisco’s famed Lombard Street.  

Filed Under: U.S. Treasuries, U.S. Federal Reserve (the Fed), Greenspan, Federal Open Market Committee (FOMC)

Category: Interest Rates


There's More Than One Monetary Policy "Villain"
Greenspan's Reversal of Fortune

By Robert Folsom
3/6/2008 6:00:00 PM

The Economist magazine published a favorable review today of a book about the housing market crisis, and one comment from the review kind of jumped off the page: "The story has no single villain, but Alan Greenspan comes close. Under him, the Federal Reserve fuelled the housing boom by sharply cutting the cost of short-term money." So, from "Maestro" to "Villain" -- how's that for a reversal of fortune?

Filed Under: U.S. Federal Reserve (the Fed), U.S. Federal Reserve (the Fed), Greenspan, personal finance, recession, Wall Street

Category: U.S. Economy


You're a Sly One, Mr. Greenspan
The Grinchspan Song

By Susan C. Walker
12/12/2007 5:30:00 PM

Here's a tribute to the Grinch Who Stole the Economy, Alan Greenspan, who wrote about the credit crunch in a commentary piece today: "The crisis was thus an accident waiting to happen."

Filed Under: Greenspan

Category: U.S. Economy


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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.