"A Decade of Insanity"

Bob Prechter is a consumate "Bear" but the statistical tool he uses here, namely analyzing opinions and sentiment with regard to the futures markets, documents a scary economic reality. In fact, while in the short term free money from the Fed and stimulus may produce profits and prevent catastrophe, it looks like everyone has very bearish perspectives when it comes to the long term and that is across assett class. It is an important argument to understand as economics becomes more and more about perception and less abuot fundamentals.  Someday, fundamentals bite and we are witnessing the bankruptcy of the global economy overtime.  Unless we build an alternaitve and mobilize now, when gradual declien culminates in crescendo and becomes cataclysim, saying "I told you so" will mean absolutely nothing.