First in a Series of Articles by Robert Prechter of Elliotwave International
www.kystandsup.org
There's a growing concensus that the U.S. is heading for a Zimbabwe style hyperinflation, which is exacly why it is unlikely to happen. At least for now we are in the throes of the opposite flation. Vanishing equity, and the loans that rest on it, is making currency disappear faster than the Fed can replace it. Here's Bob Prechter's take on how to deal with it.
First in a Series of Articles by Robert Prechter of Elliotwave International
First in a Series of Articles by Robert…
First in a Series of Articles by Robert Prechter of Elliotwave International
There's a growing concensus that the U.S. is heading for a Zimbabwe style hyperinflation, which is exacly why it is unlikely to happen. At least for now we are in the throes of the opposite flation. Vanishing equity, and the loans that rest on it, is making currency disappear faster than the Fed can replace it. Here's Bob Prechter's take on how to deal with it.