The Primary Precondition of Deflation The following was adapted from Bob Prechter’s 2002 New York Times and Amazon best seller, Conquer the Crash  You Can Survive and Prosper in a Deflationary Depression. Deflation requires a precondition: a major societal buildup in the extension of credit (and its flip side, the assumption of debt). Austrian economists READ MORE

3 Questions The Government Doesn’t Want You To Ask About the Financial Crisis (And 3 Shocking Answers!) Bob Prechter, President of Elliott Wave International (EWI), is no stranger to challenging the status quo. His New York Times bestseller, Conquer the Crash, was published in 2002 before anyone was even talking about the current financial crisis. READ MORE

How To Recognize a Financial Mania When You’re Smack Dab in the Middle of One When you’re caught in the middle of a bad storm, you don’t really care whether it’s a tropical depression or a full-strength hurricane. You just know you’re hanging on for dear life. The same idea applies to financial markets. When READ MORE