{"id":6963,"date":"2010-02-19T11:33:05","date_gmt":"2010-02-19T16:33:05","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=6963"},"modified":"2010-02-19T11:33:05","modified_gmt":"2010-02-19T16:33:05","slug":"bob-prechter-points-out-the-many-signs-of-deflation","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/02\/19\/bob-prechter-points-out-the-many-signs-of-deflation\/","title":{"rendered":"Bob Prechter Points Out The Many Signs Of Deflation"},"content":{"rendered":"

By Nico Isaac<\/span><\/h3>\n

Everywhere you look, the mainstream financial experts are pinning on their “WIN 2” buttons in a show of solidarity against what they see as the number one threat to the U.S. economy: W<\/strong>hip I<\/strong>nflation<\/em> N<\/strong>ow.<\/p>\n

There’s just one problem: They’re primed to fight the wrong enemy. Fact is, despite ten rate cuts by the Federal Reserve Board to record low levels plus $13 trillion (and counting) in government bailout money over the past three years — the Demand For<\/em> and Availability Of<\/em> credit is plunging. Without a borrower or lender, the massive supply of debt LOSES<\/em> value, bringing down every exposed investment like one long, toppling row of dominoes.<\/p>\n

This is the condition known as Deflation. <\/em><\/p>\n

And, in a special, expanded November 19, 2009 Elliott Wave Theorist<\/strong><\/em><\/a>, Bob Prechter uncovered more than a dozen “value depreciating” developments underway in the U.S. economy as the two main engines of credit expansion sputter: Banks and Consumers. Off the top of the Theorist’s <\/em>watch list are these “Continuing and Looming Deflationary Forces”:<\/p>\n