Investor ask: It appears that the best shape to describe the economic trend we are in is not a V, not a W, not an L, not a square root sign, but a lightning bolt -- zigzaging down from left to right (left-hand translated?) Your thoughts?
Bob Prechter: Yes
MyView
Yes. The elimination of debt from the surface of the earth is far more than the "printing press" technology. Don't forget the derivatives market is 10 times more than the world GDP combined.
The lightning bolt not only strike Europe, US, or Australia but also cause heavy storm in the the BRIC to fall. Japan & SEA (south east asia) is not spared. Of course it is at different rate.
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