tradequick - since you asked, well I subscribe to my own view
instead of others, but I personally view deflation as a big risk,
everyone is in the inflation camp just like they were all dollar
bears last fall at the bottom, and all the debt around the world is
very deflationary, that's my view. Maybe we get deflation
first then inflation.
searay - pretcher was wrong about gold, but right about the US
Dollar, whereas Mchugh was wrong about the Dollar, but right about
gold - kind of interesting, they were both 1/2 right but also
opposite of one another.
Off Topic
Posted by matt on 13th of May 2010 at 10:47 am
Here's some pictures in China right after WW2, of the inflation, my wife sent me these, you can use Chrome and it will translate the text into English
http://news.wenxuecity.com/messages/201005/news-gb2312-1082405.html
however for the present world, my concern is still deflation instead of inflation at this time
Prechter's Deflation?
Posted by tradequick on 13th of May 2010 at 11:20 am
Do you subscribe to Prechter's view regarding deflation?
tradequick - since you asked,
Posted by matt on 13th of May 2010 at 12:38 pm
tradequick - since you asked, well I subscribe to my own view instead of others, but I personally view deflation as a big risk, everyone is in the inflation camp just like they were all dollar bears last fall at the bottom, and all the debt around the world is very deflationary, that's my view. Maybe we get deflation first then inflation.
is pretcher still calling for
Posted by searay on 13th of May 2010 at 11:22 am
is pretcher still calling for $600 gold this year?
searay - pretcher was wrong
Posted by matt on 13th of May 2010 at 11:31 am
searay - pretcher was wrong about gold, but right about the US Dollar, whereas Mchugh was wrong about the Dollar, but right about gold - kind of interesting, they were both 1/2 right but also opposite of one another.
hmmmm. most wave experts dont
Posted by searay on 13th of May 2010 at 01:03 pm
hmmmm. most wave experts dont agree with each other. they always have multiple counts
searay - neither do many
Posted by steve on 13th of May 2010 at 01:16 pm
searay - neither do many technicians or fundamental analysts and that's what makes a market.
true. thats why there should
Posted by searay on 13th of May 2010 at 01:31 pm
true. thats why there should be a law that they get audited returns and need to be posted on their web site from their trading accounts.
to put it another way,
Posted by Palladin on 13th of May 2010 at 11:48 am
to put it another way, they both have been calling for a catastrophic downturn (as I tap my fingers on the desk and humming).
Prechter has been calling for the receding tide to sink all boats including gold and McHugh the same "except" for gold.
Prechter has (not so subtly) backed off $650 gold lately
We shall see ...
did he back off dow
Posted by searay on 13th of May 2010 at 01:00 pm
did he back off dow 400 2011 or dow 2700 by fall?
amazing
Posted by admagazu on 13th of May 2010 at 11:09 am
amazing
I wrote my MA thesis
Posted by kellyvu on 13th of May 2010 at 01:04 pm
I wrote my MA thesis on this inflation at UVa 30 yrs ago.