[peterb]

Prechter has had some correct calls, but his timing has been terrible on many of them. I’ve been watching him since the mid 1990s.
This statement by Prechter in this interview leaves me wondering about how well he has accessed the Fed and what it is truely capable of doing.

“Right now, it doesn’t have that ability, and the Fed is somewhat of an independent bank. I don’t think it really wants to own the worst debt on the face of the earth to back its notes. It generally tries to buy things that it believes will hold value. That behavior hasn’t changed. But it might later.”

[peterb]

Prechter has had some correct calls, but his timing has been terrible on many of them. I’ve been watching him since the mid 1990s.
This statement by Prechter in this interview leaves me wondering about how well he has accessed the Fed and what it is truely capable of doing.

“Right now, it doesn’t have that ability, and the Fed is somewhat of an independent bank. I don’t think it really wants to own the worst debt on the face of the earth to back its notes. It generally tries to buy things that it believes will hold value. That behavior hasn’t changed. But it might later.”

[peterb]

Prechter has had some correct calls, but his timing has been terrible on many of them. I’ve been watching him since the mid 1990s.
This statement by Prechter in this interview leaves me wondering about how well he has accessed the Fed and what it is truely capable of doing.

“Right now, it doesn’t have that ability, and the Fed is somewhat of an independent bank. I don’t think it really wants to own the worst debt on the face of the earth to back its notes. It generally tries to buy things that it believes will hold value. That behavior hasn’t changed. But it might later.”

[peterb]

Prechter has had some correct calls, but his timing has been terrible on many of them. I’ve been watching him since the mid 1990s.
This statement by Prechter in this interview leaves me wondering about how well he has accessed the Fed and what it is truely capable of doing.

“Right now, it doesn’t have that ability, and the Fed is somewhat of an independent bank. I don’t think it really wants to own the worst debt on the face of the earth to back its notes. It generally tries to buy things that it believes will hold value. That behavior hasn’t changed. But it might later.”

[peterb]

When this thread was started there was 31.6M people on food stamps. That number is now about 40M. Mortgages over 60 days in arears are pushing 8M. Unemployment??

[peterb]

When this thread was started there was 31.6M people on food stamps. That number is now about 40M. Mortgages over 60 days in arears are pushing 8M. Unemployment??

[peterb]

When this thread was started there was 31.6M people on food stamps. That number is now about 40M. Mortgages over 60 days in arears are pushing 8M. Unemployment??

[peterb]

When this thread was started there was 31.6M people on food stamps. That number is now about 40M. Mortgages over 60 days in arears are pushing 8M. Unemployment??

[peterb]

When this thread was started there was 31.6M people on food stamps. That number is now about 40M. Mortgages over 60 days in arears are pushing 8M. Unemployment??

[peterb]

Prechter was recently on Financial Sense arguing for his big wave depression/deflation, lasting until 2016. When asked about Faber’s and others belief that QE will collapse the currency, he said the voting population will not tolerate much more spending from govt. This, I believe is the real issue going forward, Will govt spend to prop up the economy or be forced to let it fall?
One thing I dont think Prechter was accounting for is the massive number of people in the electorate that benefit both directly and indirectly from the spenging. Meredith has a great point about 2M jobs at the state and local govt level that hang in the balance. If the Feds let them fall, were in a depression. I think the remainder of this year is going to be a real show.

[peterb]

Prechter was recently on Financial Sense arguing for his big wave depression/deflation, lasting until 2016. When asked about Faber’s and others belief that QE will collapse the currency, he said the voting population will not tolerate much more spending from govt. This, I believe is the real issue going forward, Will govt spend to prop up the economy or be forced to let it fall?
One thing I dont think Prechter was accounting for is the massive number of people in the electorate that benefit both directly and indirectly from the spenging. Meredith has a great point about 2M jobs at the state and local govt level that hang in the balance. If the Feds let them fall, were in a depression. I think the remainder of this year is going to be a real show.

[peterb]

Prechter was recently on Financial Sense arguing for his big wave depression/deflation, lasting until 2016. When asked about Faber’s and others belief that QE will collapse the currency, he said the voting population will not tolerate much more spending from govt. This, I believe is the real issue going forward, Will govt spend to prop up the economy or be forced to let it fall?
One thing I dont think Prechter was accounting for is the massive number of people in the electorate that benefit both directly and indirectly from the spenging. Meredith has a great point about 2M jobs at the state and local govt level that hang in the balance. If the Feds let them fall, were in a depression. I think the remainder of this year is going to be a real show.

[peterb]

Prechter was recently on Financial Sense arguing for his big wave depression/deflation, lasting until 2016. When asked about Faber’s and others belief that QE will collapse the currency, he said the voting population will not tolerate much more spending from govt. This, I believe is the real issue going forward, Will govt spend to prop up the economy or be forced to let it fall?
One thing I dont think Prechter was accounting for is the massive number of people in the electorate that benefit both directly and indirectly from the spenging. Meredith has a great point about 2M jobs at the state and local govt level that hang in the balance. If the Feds let them fall, were in a depression. I think the remainder of this year is going to be a real show.

[peterb]

Prechter was recently on Financial Sense arguing for his big wave depression/deflation, lasting until 2016. When asked about Faber’s and others belief that QE will collapse the currency, he said the voting population will not tolerate much more spending from govt. This, I believe is the real issue going forward, Will govt spend to prop up the economy or be forced to let it fall?
One thing I dont think Prechter was accounting for is the massive number of people in the electorate that benefit both directly and indirectly from the spenging. Meredith has a great point about 2M jobs at the state and local govt level that hang in the balance. If the Feds let them fall, were in a depression. I think the remainder of this year is going to be a real show.

[peterb]

Not to throw water on the fire, but the moment escrow closes you’ll really be at least 6% underwater due to transactional cost, etc in order to get out of the house.

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