{"id":30502,"date":"2012-06-28T21:51:49","date_gmt":"2012-06-29T01:51:49","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=30502"},"modified":"2012-06-28T21:51:49","modified_gmt":"2012-06-29T01:51:49","slug":"10-years-ago-today-prechters-conquer-the-crash-is-published-read-8-chapters-free-now","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/06\/28\/10-years-ago-today-prechters-conquer-the-crash-is-published-read-8-chapters-free-now\/","title":{"rendered":"10 Years Ago Today: Prechter&#8217;s Conquer the Crash Is Published. Read 8 Chapters Free Now"},"content":{"rendered":"<h3><span style=\"font-size: small;\">We&#8217;re sharing 8 Conquer the Crash chapters FREE to celebrate! <\/span><span style=\"font-size: small;\"><br \/>\n<\/span><\/h3>\n<h3><span style=\"font-size: small;\">By Elliott Wave International<\/span><\/h3>\n<p>In June of 2002, the notorious dot.com bust was making way for a powerful housing boom, the European Union was growing, and American involvement in the Middle East promised a &#8220;quick and easy victory.&#8221;<\/p>\n<p>Yet when EWI President Robert Prechter&#8217;s first edition of <em>Conquer the Crash<\/em> published ten years ago on this date, he wrote:<\/p>\n<ul>\n<li><em>&#8220;Home equity loans are brewing a terrible disaster.&#8221;<\/em><\/li>\n<li><em>&#8220;What screams bubble &#8212; giant historic bubble &#8212; in real estate is the system-wide extension of massive amount of credit.&#8221;<\/em><\/li>\n<li><em>&#8220;The Middle East should be a complete disaster.&#8221;<\/em><\/li>\n<li><em>&#8220;Look for nations and states to split and shrink.&#8221;<\/em><\/li>\n<\/ul>\n<p>Today, 10 years later, the U.S. housing market still hasn&#8217;t overcome its worst downturn since the Great Depression; the eurozone is in crisis, and the expected quick victory in Iraq became a drawn-out mess.<\/p>\n<p>Prechter&#8217;s analysis &#8212; based on the Elliott Wave Principle and socionomics, the study of how social mood motivates social actions &#8212; enabled him to foresee these changes in the economic, social, and political landscape.<\/p>\n<p>What <em>other<\/em> eye-opening forecasts do the pages of the <em>Conquer the Crash<\/em> reveal? How about:<\/p>\n<blockquote><p><strong>Banks:<\/strong> <em>&#8220;Banks are not just lent to the hilt, they&#8217;re past it. In a fearful market, liquidity even on these so called &#8216;securities&#8217; [corporate, municipal, and mortgage-backed bonds] will dry up.&#8221;<\/em> (Remember the 2007-2009 &#8220;liquidity crisis&#8221;?)<\/p>\n<p><strong>Bonds:<\/strong> &#8220;The unprecedented mass of vulnerable bonds extant today is on the verge of a waterfall of downgrading.&#8221; (Remember the 2011 downgrade of the U.S. Treasury bonds?)<\/p>\n<p><strong>Credit:<\/strong> Credit expansion schemes &#8212; the primary role of the U.S. Federal Reserve Bank &#8212; <em>&#8220;have always ended in a bust.&#8221;<\/em> (Again, think back to the &#8220;credit crunch.&#8221;)<\/p>\n<p>And &#8212; <em>&#8220;Like the discomfort of drug addiction withdrawal, the discomfort of credit addiction withdrawal cannot be avoided.&#8221;<\/em> (You could say that again.)<\/p><\/blockquote>\n<p>Anticipating &#8220;shocks&#8221; to the global system is a remarkable and true, decade-long achievement of Prechter&#8217;s <em>Conquer the Crash<\/em>. And on the 10th anniversary of its publication, we&#8217;d like to offer you <strong>42 pages<\/strong> of excerpted material to commemorate Prechter&#8217;s work.<\/p>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"142\"><a href=\"http:\/\/www.elliottwave.com\/r.asp?acn=9cp&amp;rcn=aa282&amp;dy=aa062512&amp;url=http:\/\/www.elliottwave.com\/club\/protect-yourself.aspx?code=27742\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.elliottwave.com\/images\/club\/web_ads\/3230-CG-Aff2-CTC2.jpg\" alt=\"\" width=\"125\" height=\"150\" align=\"left\" border=\"0\" hspace=\"5\" \/><\/a><\/td>\n<td width=\"921\"><strong>Take advantage of this <strong>FREE, 8-lesson<\/strong> report that can help <em>you<\/em> prepare your financial future. You&#8217;ll get valuable lessons on:<\/strong><\/p>\n<ul>\n<li><strong>What<\/strong> to do with your pension plan<\/li>\n<li><strong>What <\/strong>to do if you run a business<\/li>\n<li><strong>How<\/strong> to handle calling in loans and paying off debt<\/li>\n<li><strong>And<\/strong> so much more<\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.elliottwave.com\/r.asp?acn=9cp&amp;rcn=aa282&amp;dy=aa062512&amp;url=http:\/\/www.elliottwave.com\/club\/protect-yourself.aspx?code=27742\"><strong>Get Your FREE 8-Lesson &#8220;Conquer the Crash Collection&#8221; Now &gt;&gt;<\/strong><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div>\n<p><em>This article was syndicated by Elliott Wave International and was originally published under the headline <a href=\"http:\/\/www.elliottwave.com\/r.asp?acn=9cp&amp;rcn=aa282&amp;dy=aa062512&amp;url=http:\/\/www.elliottwave.com\/wave\/indie62512\"><strong>10 Years Ago Today: Prechter&#8217;s Conquer the Crash Is Published. Read 8 Chapters Free Now<\/strong><\/a>. EWI is the world&#8217;s largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.<\/em><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>We&#8217;re sharing 8 Conquer the Crash chapters FREE to celebrate! By Elliott Wave International In June of 2002, the notorious dot.com bust was making way for a powerful housing boom, the European Union was growing, and American involvement in the Middle East promised a &#8220;quick and easy victory.&#8221; Yet when EWI President Robert Prechter&#8217;s first &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/06\/28\/10-years-ago-today-prechters-conquer-the-crash-is-published-read-8-chapters-free-now\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;10 Years Ago Today: Prechter&#8217;s Conquer the Crash Is Published. Read 8 Chapters Free Now&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-30502","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/30502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=30502"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/30502\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=30502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=30502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=30502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}