Form 1099B In 2008, Congress under then President George Bush enacted changes to the Federal requirements for cost basis tax reporting that required stockbrokers to report this information to customers and the IRS. This legislation laid out the timelines for reporting the cost basis for various instruments and securities purchased by investors. When filing your […]
How to Handle an Economic Implosion
April 18, 2012 by Leave a Comment
Is an Economic Implosion Imminent? In the following article from Elliott Wave International, statistical data shows it is coming and what you need to do to be prepared ~editor How to Handle an Economic Implosion I came across some research on the subject of worry. Here’s how it was presented: Things People Worry About: things […]
Financial Planning Software
January 30, 2012 by Leave a Comment
Financial Planning Software – Is It Beneficial for the Experienced Investor? Financial planning software is being used by many experienced investors to track their investments and set proper investment targets and accomplish their goals. It can be used to formulate a well-planned budget and carry out a thorough examination of your investment portfolio and get a clear idea […]
Socionomics and the Misery Index
October 26, 2011 by 1 Comment
Socionomics is an area of study pioneered by Robert Prechter of Elliottwave International. It is the study of social mood and how it affects economics and politics. Traditional thought has it that good economic times cause euphoria and lead to investor optimism. Socionomic theory stands this on its head and says that investor sentiment is […]
J.P. Morgan and the Beginning of the Central Bank
September 1, 2011 by Leave a Comment
Those Steely-Eyes of J.P. Morgan: Could They Help Us Today? “The Panic of 1907” vs. the “Debt Crisis” of 2011 If “legendary Wall Street figure” ever described anyone, it was turn-of-the-last-century financier J.P. Morgan. You can throw in “bigger than life” to boot. Morgan was used to getting his way. His steely eyes cast a […]
FED Insiders Doubt Quantitative Easing Works
August 26, 2011 by Leave a Comment
Behind Closed Doors at the Fed: Ten Years of Research into America’s Central Bank During the past few years, The Federal Reserve has engaged in a “deliberate inflating policy.” This policy earned disfavor, both at home and abroad. Robert Prechter said this in the July Elliott Wave Theorist: “Foreign powers have been irate over the […]
Should Stock Investors “Fret Over Economy”? No — See Chart to Understand Why
August 9, 2011 by Leave a Comment
The idea that the economy leads the stock market is false As the DJIA fell 2% to close below 12,000 on August 2, one theme rang across major financial websites. This CNN headline summarizes it: Stocks sink as investors fret over the economy (Aug. 2) The belief that the economy drives the stock market is […]
Deflation: The Trend That’s Become Too Obvious To Ignore
September 24, 2010 by Leave a Comment
As the biggest credit bubble in history continues to shrink, consumer prices have stayed flat over the past several months, meaning there is no sign of inflation to come, despite growing commitments from the U.S. government. So what’s keeping inflation at bay, given all the stimulus money promised? The answer: Deflation — an overwhelming urge […]
Gold: What Is The Economy Usually Doing When It Goes Up?
September 21, 2010 by Leave a Comment
Research proves wrong the idea that gold reliably rises during recessions, says EWI President Robert Prechter. …If gold isn’t going up when the economy is contracting, when is it going up? Table 4 (see chart on p. 24 of this free Club EWI report — Ed.) answers the question: All the huge gains in gold […]
The Economic Crisis No One Saw Coming: A Convenient Untruth
August 9, 2010 by Leave a Comment
The single most convenient untruth about the 2008 (and counting) financial crisis is that it was unforeseen. For two years policymakers have insisted “There was no way to know ahead of time” that the liquidity boom would come to a screeching halt. Yet even as the mainstream authorities failed to detect the economic earthquake moving below their own feet, somebody did “notice” well in advance. That person was EWI’s Bob Prechter.
