“Some people are talking that maybe we’ll have a double dip like 1980 to 1982, but I’ve been saying all along that this is the wrong perspective. You have to realize that we are in a depression,” Prechter told CNBC.
“We’re in the early stages, so we don’t have the severe unemployment, the severe bread lines and that sort of thing. But since we are early in the trend, this is the kind of thing that the market is now beginning to look ahead and realize that the problem is deeper than just a minor recovery or a mild recession,” he adds.”
Read more: Prechter: We’re In a Depression That Will Last for Years
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prechter.pfffft i have been pounding the table about depression for a long time.i hate when these trolls go from finan site, to finan site, then form their fucking thesis to present to fucking media outlets as if it were some revelation of an epiphoney that came to them while they were taking a shit in a high rise office building using two ply toilet paper
hes been calling for a deflationary depression for years also…
Wouldn’t it be nice if they substantiated they’re theory instead of just prognosticating…