What's it all mean? Why, it's Prechter time! And the lord of darkness is getting a lot of airplay and is sure to get more as the deflation story begins to bite hard. You know my stance on deflation and on Robert Prechter; a lot of good and helpful information (I would not be in t-bill only money market funds if not for him, as an example) and some things I obviously disagree with.
But that does not change the fact that there are some very basic things one can do for protection as these deflationary bouts descend upon markets and economies. Here's 20 questions for Robert Prechter that I think should be considered:
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