The money quote, the concluding paragraph, from financial market technical analyst Robert Prechter’s Elliott Wave Theorist (June, 2015):
There is an overall message from all these observations. With oil and other commodities in a bear market, with housing nearing another major fall, with the level of debt at all-time highs, with interest rates rising, and with stocks setting up to plunge, it all points to one conclusion: deflation is imminent.
SLL thinks he’s going to be right in a big way, and after it happens and people look back, being early will not be regarded as a sin.
