Financial, Economic and Social Mood Update (January 2, 2025)
Financial, Economic and Social Mood Update (January 2, 2025) Too many people today think or believe that severely elevated prices are here to stay forever. Remember that absolutely nothing ever moves indefinitely in the same direction. The world now finds itself in a situation where prices for pretty much everything are unnaturally high – some people refer to this phenomenon as the “everything bubble.” Here is a recent Elliott Wave International video which talks about this subject: https://www.elliottwave.com/articles/when-does-the-boom-bust-cycle-begin/?rcn=241221freeez&utm_source=com&utm_medium=eml&utm_campaign=ar-frup&utm_content=frupbwmkboombustgmp241216. People also forget that following every hyperinflation in history comes deflation which tends to be even more traumatic than the hyperinflation which preceded it. But one area where all of us yearn for a return to lower prices is at the local grocery store. Elliott Wave International of Atlanta has a recent article about this as well: https://www.elliottwave.com/articles/food-for-thought-about-deflation/?rcn=241221freeez&utm_source=com&utm_medium=eml&utm_campaign=ar-frup&utm_content=frupbsfood2412011. Elliott Wave International points out that the American stock market recently had its first 10-day losing streak in 50 years: With December 18th’s 1100-point loss, the Dow experienced its first 10-day losing streak in 50 years! Is that what the latest Financial Forecast meant by “Grand Supercycle” proportions? Fluorescence is a physical transformation in which a substance absorbs light at one wavelength and emits it at another, longer wavelength. The term is used extensively in the hard sciences, “generally to analyze or track” biological molecules (Wikipedia). But the concept is also metaphorically applied to the social sciences, in situations where something hidden suddenly becomes visible under specific conditions. Just as life scientists use various techniques to extract the properties of light, the socionomist uses the lens of the Wave Principle to track the culmination of a trend in social mood. At the end of a Grand Supercycle degree peak, we find a fabulous array of previously disparate social entities. The emergence of what we…