Here are a couple articles from Elliott Wave International, with associated free downloads. – Ilene
Pensions: No Wonder States Are Broke
We know many state governments are financially hurting. But how much of that "hurt" is "self-inflicted"? Let’s start by looking at one state. The governor of New Jersey is quoted in the March 15 issue of Forbes:
"One state retiree, 49 years old, paid, over the course of his entire career, a total of $124,000 toward his retirement pension and health benefits. What will we pay him? $3.3 million in pension payments over his life and nearly $500,000 for health care benefits — a total of $3.8 on a $120,000 investment."A retired teacher paid $62,000 toward her pension and nothing, yes nothing, for full family medical, dental and vision coverage over her entire career. What will we pay her? $1.4 million in pension benefits and another $215,000 in health care benefit premiums over her lifetime."
"For years, state governments have been spending every dime they could squeeze out of taxpayers plus all they could borrow. . .But now even states’ borrowing ability has run into a brick wall, because the basis of their ability to pay interest — namely, tax receipts — is evaporating." –Robert Prechter, Elliott Wave Theorist, November 2009.
You can discover EWI’s latest financial outlook today, risk-free. Our most popular subscription package, Financial Forecast Service, gives you a round picture with three different publications. Read them online now, risk-free. Download Your 60-page Deflation Survival Guide Now FREE.
Bob Prechter Reveals the Most Dangerous Gold & Silver Myths
By Nico Isaac
Right now, the gold BULL-ion bandwagon is more crowded than a New York subway train during rush hour. But before you squeeze your way into the crowd of passengers, you should know one thing: Those steering the course are using out-dated maps based on ill-conceived notions and illusory hopes.
Where can you get better information about gold and silver? Take a look at the latest FREE resource from Club EWI, the Gold and Silver eBook. This 40-page eBook pools the recent and archived writings on the precious metals by EWI president Bob Prechter himself. The result is a comprehensive collection that spans the last four decades of gold and silver history to expose the most dangerous market myths. Off the top is this familiar bit of "wisdom" from the school of Alan Greenspan:
It is impossible to foresee the end of major trends in precious metals
BEFORE they occur. Hindsight is foresight.
And what about these popular notions —
- Gold always goes up in recession and depressions.
- Gold always performs better than stocks in economic downturns.
- Gold and Silver are just beginning (as in the year 2010) their biggest bull market runs ever.
Is gold a simple buy-and-hold at today’s prices? The independent insights in this valuable ebook deliver Prechter’s complete analysis and help you decide how to – and how not to – incorporate gold and silver successfully into your own investment strategy. Learn more, and download your Gold and Silver eBook here.
