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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (21920)	8/11/2009 9:01:26 AM
From: zamboz	Read Replies (5) \| Respond to of 71456

5 wave pattern chart on USD posted by Mish about a week ago. Subject 54696 How many times has Prechter been wrong? Then again, we should all be wary of this dollar bounce whether Prechter chimes in or not. USD is still below the downtrend from March highs. FOMC could pop it one way or another.

To: DebtBomb who wrote (21920)	8/11/2009 12:38:23 PM
From: RockyBalboa	Read Replies (2) \| Respond to of 71456

More on it, by Prechter: finance.yahoo.com In July, Ben Bernanke told a town hall meeting, "I was not going to be the Federal Reserve chairman who presided over the second Great Depression." According to New York Times columnist Paul Krugman in that regard he's succeeded. Bernanke's rescue of the financial sector in tandem with the Obama Administration's stimulus plan prevented a "full replay" of the Great Depression, the Nobel Prize-winning economist writes. But like President Bush declaring "Mission Accomplished" in 2003, Elliott Wave International founder, Bob Prechter thinks Krugman and Bernanke are premature in declaring victory over the credit crunch. Prechter, who famously predicted the 1987 stock market crash, tells Tech Ticker "the march towards depression, which is being fueled by deflationary trend, is pretty well intact."