Archive for the ‘FED’ tag
Why Economic Forecasts Often Fail
By Elliott Wave International
Let’s begin with a paradox: The one constant in our society is dramatic change. This is the main reason why projecting present conditions into the future often fails.
“If someone had asked you in 1972 to project the future of China, would anyone have said, in a single generation, they will be more productive than the United States and be a highly capitalist country?
“Project the U.S. space program in 1969, in fact many people did — there are plenty of papers you can read from 1969 to 1970 saying, well, it’s obvious at this pace we’ll both have colonies on the Moon very soon and we’ll have men on Mars…
“One could just as well ask someone to project, say, the Roman stock market in 100 A.D. I doubt if you’d have found anyone who said, well, it’s essentially going to go to zero.”
– Robert Prechter at the London School of Economics, lecture “Toward a New Science of Social Prediction.”
Understanding the Fed — Not Just the Myths About the Fed
April 6, 2010
By Editorial Staff
If you would like to understand more about how the U.S. Federal Reserve works, you can spend some time on its website — or you can get the real story. Elliott Wave International has collected eight of Robert Prechter’s most trenchant articles about what the Fed actually does. He takes on the misleading myths about the Fed and explains what’s really going on as he writes about these topics.
How the Fed manufactures money
- How the Fed encourages the growth of credit — and why that’s deflationary
- What gives the Fed the authority to bail out troubled institutions
- The difference between creating money and facilitating credit
- Whether the Fed can manipulate the stock market or economy
- How the Fed is ignoring historical lessons about central banks
- How the Fed’s actions, combined with public outrage, may ultimately lead to its demise
The eBook with eight chapters is called Understanding the Fed: How to protect yourself from the common and misleading myths about the U.S. Federal Reserve. Here’s an excerpt to give you a taste of what you will learn.
Elliott Wave International’s Understanding the Fed eBook is now available
Dear reader,
Our friends at Elliott Wave International have just released a free 34-page eBook, Understanding the Fed. It’s the free report the Federal Reserve doesn’t want you to read!
This eye-opening free report, which represents more than 10 years of research by Robert Prechter, goes beyond the Fed’s history and government mandate; it digs into the Fed’s real motivations for being the United States’ “lender of last resort.” In this 34-page report, you’ll discover how the Fed’s actions, combined with public outrage, may ultimately lead to its demise, plus much more about its secret activities and how it affects your money.
Download your free copy of EWI’s Understanding the Fed eBook, here.
Warmest regards,
Nooruddien M.
FXREPUBLIC.COM
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About the Publisher, Elliott Wave International
Founded in 1979 by Robert R. Prechter Jr., Elliott Wave International (EWI) is the world’s largest market forecasting firm. Its staff of full-time analysts provides 24-hour-a-day market analysis to institutional and private investors around the world.
Bernanke’s Burn Notice — Why Now? Research Reveals Insight Into Fed Chairman’s Popularity
By Elliott Wave International
Like a spy who gets a burn notice, Federal Reserve Chairman Ben Bernanke has suddenly lost his support.
Bernanke has gone from being Time magazine’s Man of the Year in 2009 to … what? A Fed chairman embroiled in a controversial reconfirmation process before U.S. Congress. Why the sudden turnaround in his fortunes?
Robert Prechter, president of the research firm Elliott Wave International, has written about the history of the Fed and its chairmen several times over the years, and his research shows that their popularity rises and falls with social mood, which is measured by the stock market. Here is a compilation of excerpts from Prechter’s monthly market letter, The Elliott Wave Theorist, from 2005-2009 about the trouble he sees brewing at the Fed.
