Bernanke told the Senate Banking Committee who would never prosecute Goldman Sachs because they would all love to get an honorary job there for retirement, that the new rules being imposed are justified. “Unsafe practices by large financial institutions pose a risk not just to themselves but to the rest of society,…”. “In setting policy we […]

Unemployment among the youth in the USA has hit 16.2%, more than double the April national rate of 7.5% for adults over 35. We are in the last throes of the dying idea of Socialism and this is never more illustrated than by the age divide when it comes to employment. Young kids in the USA […]

QUESTION: What is a cycle inversion? This reaction period of 2 to 3 years how do you know it will extend or not? ANSWER: Cycles are turning points in time. You cannot always ascertain what the event will be a high or a low near-term. However, it is a turning point producing an event. Normally, […]

The economic prospects for Europe are impossible to return to any real recovery. We are looking at a long-depression for Europe that will not bottom for 23-26 years from the 2007 peak making this turn only with the end of the current Private Wave in 2032.95. German politicians cannot grasp that imposing austerity that has […]

QUESTION: You mentioned back in 2011 that either gold fell in a normal correction of 2 to 3 years and if the market fought against that trend it could extend into 2016 with a 5-year bear market. Is that still possible since you were correct about the drop after a 13-year high? ANSWER: Yes. That […]

The whole idea of “socialism” is based upon the same theory that led to the overthrow of the Shah and the birth of Islamic Radicalism in 1979. What is the connection? Both hold that the private sector cannot be trusted and that the state should manage the economy. In Iran, it became the religious clerics […]

Of course Back to the Future was the name of a very popular series of movies. But in reality, Einstein believed that the Future, Past, and Present were all simultaneous. That is a hard concept to get you brain around, but the FUTURE is indeed merely a repeat of the past – no different than […]

The opposition parties in Germany are warning each other not to join Merkel. The general hope is if nobody joins in a coalition with here, she will be unable to form a government. There is a rising sentiment in Germany that if Southern Europe can’t pay their bills – no bailouts. This was the reason for taking […]

I have explained the Golden Rule of Corrections. Once you extend in anything beyond a time unit of 3, you are then in a change in trend. The Greek recession, and most of the Western World, began in 2007. We began with the Greek Debt Crisis precisely to the day on the Pi Target from […]

Just to make it absolutely clear, within every wave, like in a bull market, there are always counter trends or corrections. There MUST be two sides in all trends be it bullish or bearish. The overall character of the present wave is a PRIVATE WAVE meaning that in such waves markets advance more rapidly and […]