gabe borenstein

Robert Prechter's 'Conquer the Crash': A Forecast That's Still Coming True

This is nonsense.As an investor I want to know about the crash before it occurs .I have predicted the crash in an interview with Mark Gilbert (Bloomberg) on June 3,2005 and again on September18 ,2007 in an interview with Brian Sullivan( Bloomberg TV).
At this point in time to imply possibility of another crash is a reflection of an economic ignorance as that implosion would lead to a global economic/financial anarchy that would make Armageddon look like Nirvana.
Governments and the Central Bank finally comprehend the risks and have deflected them.
Fannie and Freddie have been rescued by the U.S government finally confirming that the implicit guarantee of the agencies in fact is direct and explicit guarantee.
To imply that the U.S will now allow these agencies to fail ,is to argue that the U.S will fail and cease to exist as a viable economic /financial system.
For all of the nonsense being disseminated again,the U.S economy will continue to stabilize and expand without the risk of inflation.
We will see the stock market at the record levels in the period ahead .GDP will attain 5%(non inflationary) growth by the second half of 2010.