My recent posts have generated many comments and questions. While the general feeling is overwhelmingly that we are setting up for a major market reset, most don’t have a clear idea precisely why. Many of my clients are use to understanding the reasons behind the results. This is how I personally function. If I go to the dentist and he says I need a root canal, I keep asking questions until I understand why I need it, the process for doing it and the impact of my choice. I choose and then I let the expert do the drilling.
The below video is from Robert Prechter, Author of Conquer the Crash, and CEO of the Elloitt Wave International. It is a short summary of the real source of the problem, which as we have been discussing here is DEBT. This is a snippet from a much longer video which is available directly though Elliott Wave International’s website which I cannot recommend strongly enough.
