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Baby Boomers continue to personally evolve; setting new trends along their wake. This carnival, the 279 of the BBC series, is just a small piece of the microcosm series that was developed to record the boomer generation's evolution.
Come to the fair and observe interesting segments of trend-setting happenings that seek life's meaning through passionate living. Be sure to visit SoBabyBoomer's tent at the Blogging Boomer Carnival #291 hosted this week by Katie Gustafson Foster at Arabian Tales and Other Amazing Adventures.
Our holiday gift to you and yours on Dec. 26, 27, and 28 only at Amazon.com, is the new ebook “Ask the Coach” to download on your smartphone, eReader, tablet or computer. Please note that “Ask the Coach” is a reference book; like a dictionary or any other similar resource book that is not meant to be read cover to cover. Readers would normally look up a question of interest in the Table of Contents and then proceed to read that self-coaching answer in the book.
The federal government defines the Producer Price Index (PPI) as "the average change over time in the selling prices received by domestic producers for their output."
With help from the Federal Reserve's massive inflationary policies, the PPI has climbed even as the economy began to fall in 2008-09.
All the while, the financial media persisted with stories of an economic recovery. EWI analysts offer an independent perspective.
The New York Times declares, "Economic Gloom Starting to Lift."
Corporate America, however, is not so sure. This chart of producer prices [wave labels removed] probably illustrates why. After years of largely uninterrupted growth, the Producer Price Index appears to be on the cusp of a critical reversal that should turn into a steady decline in wholesale prices.
The Elliott Wave Financial Forecast, December, 2012
The latest Financial Forecast published Dec. 7, and the latest evidence reinforces the message of the chart's title. The PPI elevator has already descended to a lower floor.
The Labor Department said its seasonally adjusted producer price index slipped 0.8 percent last month, the second straight decline.
November's drop in wholesale prices was the sharpest since May.
Reuters, Dec. 13
The Producer Price Index decline is happening in tandem with a notable reversal in consumer sentiment.
The Thomson Reuters/University of Michigan's preliminary reading of the overall index on consumer sentiment plunged to 74.5 in early December, the lowest level since August.
It was far below November's figure of 82.7.
Reuters, Dec. 13
The Federal Reserve's machinations -- which includes the Dec. 12 announcement of $45-billion in monthly Treasury bond purchases -- will not stave off a developing deflationary trend.
In the second edition of Conquer the Crash (p. 114), Robert Prechter describes what generally happens, depending on the position of the Elliott waves, near the end of the Kondratieff cycle.
Near the end of the cycle, the rates of change in business activity and inflation slip to zero. When they fall below zero, deflation is in force. As liquidity contracts, commodity prices fall more rapidly, and prices for stocks, wages and wholesale and retail goods join in the decline. When deflation ends and prices reach bottom, the cycle begins again.
How much farther does the economic cycle have to go before it reaches the bottom? Is the bottom even in sight? The answers can be found in Prechter's Conquer the Crash and it can even help you prepare for the coming changes.
For a limited time, you can get part of Conquer the Crash for free. See below for more details.
8 Chapters of Conquer the Crash -- FREE
This free, 42-page report can help you prepare for your financial future. You'll get valuable lessons on what to do with your pension plan, what to do if you run a business, how to handle calling in loans and paying off debt and so much more.
This article was syndicated by Elliott Wave International and was originally published under the headline Two Signs That Deflation is Far From Over. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.
A blog carnival is a special kind of blog community.
There are many kinds of blogs, and they contain articles on several different topics. Blog carnivals typically collect links pointing to blog articles on a particular topic. A blog carnival is like a special interest magazine. It has a title, a topic that flows through its postings, editors, contributors, and an focused audience. Editions of the carnival typically come out on a regular basis, like every Monday.
The Blogging Boomers Carnivalis a collection of like-minded blogs cooperating to expose their best stories of interest to the Baby Boomer Generation. To our knowledge, the Blogging Boomers Carnival is the only oldest, now in its six year and best boomer-centric carnival.
Please come to the Blogging Boomer Carnivalthat celebrates the colors of autumn---hosted by the Midlife Crisis Queen, Laura Lee!
From a March 9, 2009, close of 6,547, the senior index climbed to 13,610 on Oct. 5, 2012.
Moreover, the Dow achieved this feat in the face of a weak-kneed economy, and it has grinded forward now for three and a half years.
The persistent rise has emboldened stock market prognosticators.
S&P Could Still Hit 1,600 Year-End
--CNBC, Oct. 23
All the while, fewer and fewer investors have been participating in the so-called recovery.
Take a look at the chart below from the just-published October 2012 special video Elliott Wave Theorist, and then read Prechter's commentary.
People have started ignoring volume because bears have been talking about declining volume ever since 2010. But it is extremely important. Volume overall has been shrinking ever since the market's low of March 2009. This line that I've drawn tracks the volume on the rising portions of the rally from 2009. Every time the market gets hit very hard-such as in the collapse of 2008, the "flash crash" of May 2010 and the market plunge in August last year-volume picks up.
This is not a picture of a bull market. In a bull market, the opposite happens. Volume should be going up during the entire period, and it should be declining every time the market corrects. But we're getting exactly the opposite situation.
--The Elliott Wave Theorist, October 2012
Volume is an important momentum indicator that many overlook. It's time to start looking at your investments independently. EWI is here to help.
Learn to Think Independently
You'll get some of the most groundbreaking and eye-opening reports ever published in Elliott Wave International's 30-year history; you'll also get new analysis, forecasts and commentary to help you think independently in today's tumultuous market.
This article was syndicated by Elliott Wave International and was originally published under the headline Prechter: "This is Not a Picture of a Bull Market". EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.
According to the new AARP The Magazine Generations Study, we boomers talk more frequently with our young-adult children, plus spend more face time and share more intimate confidences with them, than we did with our parents. We also help our kids more, doling out about twice as much advice and practical help as parents did in the mid-1980s.
And we've justified it.
Coming of age during economic hard times, many of our kids are struggling to find jobs, to find themselves, to find their way out of their childhood bedrooms. When we keep our kids close, do we keep them from growing up?
Emerging Adulthood
Jeffrey Arnett, Ph.D., a psychology professor at Clark University in Worcester, Massachusetts, suggests that young people ages 18 through 29 go through a new stage of life he calls emerging adulthood — a period of searching and self-discovery when people make the choices that will define their adult lives.
Young people face a more complicated job landscape than their parents did, he argues: Modern fields like computer technology offer greater choice, but they also require more education. Young people also have a wealth of options in their personal lives, facing fewer strictures about marriage and sexuality. Parental support and advice, when it's available, can be invaluable.
The McMansion generation is in downsizing mode; 43% of Americans ages 50-64 plan to move within six years and 50% of those say they plan to move to a smaller house.
Millions of Americans age 50 and older are looking around their spacious homes and are deciding they don't need all that room anymore. The kids are gone, maybe a spouse, too. And they could really use the money from a sale to bulk up their retirement funds.
But downsizing isn't always simple, painless—or even all that beneficial financially. With the real-estate market still fragile, many baby boomers are getting a lot less than they expected for the old homestead. All too often, they have little cash left over after buying a new place, and their monthly expenses don't fall as much as they thought—or may even rise instead.
It's a challenge lots of boomers are going to face. All told, more than 40% of Americans ages 50 to 64 plan to move within the next five years or so, according to the Demand Institute, which is jointly operated by the Conference Board and Nielsen Co.
Dominated by "the many Baby Boomers who delayed retirement during the recession," prospective downsizers exceed would-be "upsizers" by nearly 3 to 1, says Louise Keely, chief research officer at the Demand Institute.
Source: The Wall Street Journal, December 10, 2012
Baby Boomers continue to personally evolve; setting new trends along their wake. This carnival, the 289th of the BBC series, is just a small piece of the microcosm series that was developed to record the boomer generation's evolution.
Come to the fair and observe interesting segments of trend-setting happenings that seek life's meaning through passionate living. Be sure to visit SoBabyBoomer's tent at the Blogging Boomer Carnival #289 is hosted this week by Rita Robison of The Survive and Thrive Boomer Guide.
