The Simple Accountant

Prechter's Same Old Story

Props for the Aerosmith quote, Mr. Smead. Mr. Prechter is like the proverbial broken clock. It would be interesting to see the total return on his personal portfolio over the last three decades. He is nonetheless an interesting read but like other socio-economic cycle theorists (Ravi Batra for example), must be taken with more than a pinch of salt.