Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: smolejv@gmx.net who wrote (20694)	7/2/2002 7:44:18 PM
From: fred woodall	Read Replies (1) of 74559

Doom and Gloom We are experiencing not runaway inflation but instead a swollen credit market. NINETY-NINE PERCENT of our domestic "money supply" is DEBT, the HIGHEST RATIO of debt to money in the history of the world. According to the implications of the CRB's (Commodity Research Bureau index of commodity prices) wave pattern, the credit contraction that lies ahead will be a major one, on the scale of this country's previous such experiences of 1835-42 and 1929-32. If both the stock market and commodity prices fall hard together, which their wave counts indicate will happen, then the implication will be that deflation is in force. The last time both stocks and commodities experienced a major bear market was in 1929-32. The Dow Jones Industrial Average, real estate and many individual commodities fell close to 90%. This is a good analog for what appears to lie directly ahead for those markets today. The time to prepare for this monetary transformation is now before it becomes obvious to everybody. This trend change, which signals bearish moves in these markets, is far more important because it will devastate your finances if you are unprepared. from an article in "Futures" magazine

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