U.S. Economy: The Financial Tectonic Plates Are Shifting Once Again | Elliott Wave International
The Next Major Economic Change May Come from the Credit Craze
Deflation is always accompanied by a preceding credit build-up.
The Era of Good Feelings came to a screeching halt when America's
first deflationary depression occurred from 1835 - 1842. Before then,
credit had boomed.
America's second major deflationary depression was the Great
Depression that began in 1929. That was also preceded by a credit boom.
Today's credit boom dwarfs those earlier examples.
The March 2008 Elliott Wave Theorist elaborates on the next potential shift in the financial tectonic plates
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