DJIA 1000

Just about everyone knows that Robert Prechter is using Elliott Wave patterns to forecast a decline in the DJIA to below 1000.  The most immediate question that arises is what underlying societal fundamentals could possibly coincide with that kind of catastrophic stock market crash?  

There are some theories.  A subscriber to my private email list sent me a link to "Crash Course," a compelling study of three fundamental developments, any one of which could drive our world into a devastating tailspin.  Two of the three could send the world into a deep, deep depression.  If all three were to come into fruition,  DJIA 1000 would be a gift.

To grossly oversimplify the three contingencies:

Peak Debt
Peak Oil
Peak Minerals

The full seminar of Crash Course  is over 3 hours long.   This is the version I recommend. Here is the link:  Crash Course

There is a 45-minute version, here is it's link:  45-minute Crash Course

Because I am providing a recommendation and these links doesn't necessarily mean I accept or endorse all of the arguments presented.  But remember, the question at issue is what could possibly underlie  Prechter's forecast?  The thesis in Crash Course is one explanation.

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