20 April, 2012
By Elliott Wave International
I came across some research on the subject of worry. Here’s how it was presented:
Things People Worry About:
Of the legitimate worries, half are problems beyond our personal ability to solve. That leaves 4% in the realm of worries people can do something about.
I thought about our gigantic national debt and weak economy. These seem to fit into both subcategories of "real" worries. You can’t do much as an individual to solve the nation’s debt and economic problems, yet you can prepare for a worsening economic downtrend.
Do we see evidence for an economic turn for the worse?
Well, consider that the evidence is so overwhelming that it took 456 pages of the second edition of Robert Prechter’s book, Conquer the Crash, to cover it. And since that book published, Prechter has consistently devoted his monthly Elliott Wave Theorist to the facts and evidence behind his forecast.
Here’s a chart from the book that was updated by Elliott Wave International in March 2012:
The downturn from 2008 is critically important, as it shows that after an almost unbroken 60-year climb, the contraction is underway. It surely has much further to go, because it is still a third higher than it was at the outset of the last debt deflation in 1929.
– The Elliott Wave Financial Forecast, March 2012
The rating agencies are well aware of what the above chart means. You probably know that Standard & Poor’s downgraded U.S. debt from the nation’s long-standing triple-A to AA+. Now, another rating agency has taken their rating even lower:
Rating firm Egan-Jones cuts its credit rating on the U.S. government to "AA" from "AA+" with a negative watch, citing a lack of progress in cutting the mounting federal debt.
– CNBC.com, April 5
Robert Prechter’s bestseller, Conquer the Crash, provides practical information about what you can do to protect your finances in the coming economic implosion. And right now, Elliott Wave International is offering 8 lessons from Conquer the Crash in a free 42-page report that covers:
In every disaster, only a very few people prepare themselves beforehand. Discover the ways you can be financially prepared and safe.
Our seminar series on forex trading, started in the MENA countries this autumn, has recently reached two more destinations: Manama, Bahrain...
This November XM will be back to Latin America, to offer traders a free forex trading seminar with free participation in as many as three cities...
On 30th September, shortly after having visited the city of Korat, we returned to Bangkok, Thailand, with a forex trading seminar about the use of technical...
FXTM is committed to educating its traders across the world, especially when it comes to new trading products. As such, the latest seminar in Ho Chi Minh...
FXTM's educational series of seminars and workshops continued its successful run in South Africa, with recent Ultimate Trading Formula events...
On 25th November we will be holding our next free trading seminar in the Hungarian capital, Budapest, for online investors willing to improve...
FXTM Partners is committed to providing clients around the world with market leading trading education. To that end, we recently hosted a highly...
Ever since its development, the Alligator indicator has been utilised in thousands of trading strategies. Thanks to Fractals - breakout signals which ensure...
The intensive forex trading seminar series started by XM in Thailand this February was quickly followed by an extensive summer seminar tour...
|5||Fort Financial Services||74%|