Today’s Elliott Wave Analysis – – “A deflationary crash is characterized in part by a persistent, sustained, deep, general decline in people’s desire and ability to lend and borrow. A depression is characterized in part by a persistent, sustained, deep, general decline in production. Since a decline in production reduces debtor’s means to repay and service debt, a depression supports deflation. S…
Today’s Elliott Wave Analysis – – Elliott Wave Theorist, October 2003, “Real estate values will fall more than they did in the 1930s and 1940s.” … elliottwave stock market djia dow jones stocks bad times bankruptcy big trouble bottom-out bust collapse decline deflation depression downturn hard inflation rainy days shakeout slide slump stagnation unemployment layoff cutback…