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U.S. Dollar: When Almost Everyone Is Bearish… By Elliott Wave International June started off with speculators decidedly negative toward the U.S. dollar. On the second day of the month, the Financial Times said: Wall Street strategists say dollar could be set for “dramatic” falls Elliott Wave International’s June 10 U.S. Short Term Update, a three-times-a-week… Read more Extreme Bearish Sentiment in US Dollar |
Month: June 2020
Japan Like Deflation in the United States
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The U.S. faces the prospect of a Japan-like deflation. Let’s begin with a brief review of Japan. Here’s a chart and commentary from the 2020 edition of Robert Prechter’s Conquer the Crash: Japan had one of the strongest economies in the entire world, growing at a 9% rate for 20 years up to 1973, and… Read more Japan Like Deflation in the United States |