Article essentially says keep your eye on the mood of the people.
“You were correct with your predictions of deflation. But now that it’s here – isn’t the government still in control? Why can’t they do [fill in the blank] to stop it?” |
There are lots of articles out there – well-written articles written by qualified authors – arguing how the government can do this or that to stop deflation. |
In our opinion, they ALL miss one key point: social mood. |
Conventional economists look at the deflationary problem in a very mechanistic and cause-and-effect kind of way |
Here at Elliott Wave International, we have long argued that this is not how it works. Bob Prechter, EWI’s founder and president, takes five chapters in his Conquer the Crash*
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