Quiggin, J.: Zombie Economics: How Dead Ideas Still Walk among Us.
Max Keiser: Zombie Economics Explains Inflation/Deflation Split
Zombie Economics I love that idea! I will leave you with a Zombie Economics question. What would happen to all the zombie debt if we just cut off a zero of all US dollar currencies? What would happen if one day you woke up and found out Obama fixed the debt with a accounting procedure that knocks a zero off everything, including your wages? You go to your debit machine and you also find a zero missing from your funds! Worst of all your credit card limit is dropped by one zero!
Once you walk through the domino effects, then my bet would be we get a massive deflationary downward shift on all major assets! A real Grand Supercycle degree crash!
The majority of all Elliottician's today are counting in GSC degree. It does not matter if they have not found the real wave 3 in GSC degree, they still try to cosmetically create one. All the makeup in the world will not bring a walking dead zombie, wave count back to life, so the best solution is a shot to the head, and put GSC degree out of it's misery!
The GSC degree wave counters are counting the markets as if the 5th wave is the longest wave, and once you look hard, there are 2 to 3 or more major areas where any wave student can extend the third waves. There are so many loopholes in the wave count in the last 300 years alone, that you can drive a semi truck through them. Yet everybody keeps mindlessly counting away, thinking that the past wave counts are a done deal. That's like saying climate change science is settled!
Tracking or counting backwards in time, every wave count starts at a zero wave, and eventually this zero wave has to plug into another wave position. These wave positions can all be drawn out which are called idealized charts. I like to call them scripts, or idealized scripts, and from these EWP scripts, I get the sequencial code. This sequencial code also plugs into my Fibonacci Spiral wave zero.
All my wave counting is based on a large degree 5 waves by always looking for wave three to be the longest wave. If it is the longest then it is also the extended wave.