Elliott Wave Explained By Robert Beckman PDF
Elliott Wave Explained By Robert Beckman PDF ===> https://blltly.com/2ta0pG
Elliott Wave Explained By Robert Beckman PDF
When asked whether it would be a depression in the 1990s, Beckman said: “ I do not think there will be a depression. I think there will be a depression, just not a great depression. A depression is when unemployment rises to around 20% and there are bankruptcies and the whole country feels it. That will not happen.”[11]
For Beckman, it was not that the economy would collapse - it was more that there would be a recessions in which share and property prices would fall. A recession is just a slump as opposed to a depression, and this he compared to a downturn in the oil industry. He also suggested that people would have to work longer hours and that there would be increasing job insecurity. There are no records of him being paid for these predictions.
Beckman was happy to discuss his predictions with anyone willing to listen. Although he was initially greeted with disdain when he predicted a slump in the housing market in the 1970s, he gradually won converts and experts began to predict that prices would fall, not rise. In the 2003 BBC documentary Inside Story, he was asked about the depression. “ Really? You really think there will be a depression? I think there will be a depression. I think it will be slower to come than most people think.”[10]
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