Although we may not always agree with Steve Hochberg’s conclusions the following video contains some very thought provoking ideas accompanied by some charts that you probably haven’t seen anywhere else. It’s interesting to note the quadrupling of the FED’s leverage over the years since 2008 and the amazing lack of inflation associated with it. Check out this excellent six-minute video clip by Elliott Wave International’s Steve Hochberg… at the Orlando Money Show.
Despite the Fed’s leverage and its attempt to inflate throughout the economy, the deflationary pressures in the U.S. are overwhelming.
This article was syndicated by Elliott Wave International and was originally published under the headline Why the Fed Does Not Control Inflation and Deflation. EWI is the world’s largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.
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