Greek citizens vote “Yes” to kick the can down the road By Elliott Wave International In December 2009, Greece was encumbered with debt amounting to 113% of GDP (nearly double the Eurozone limit of 60%). In May 2010, Eurozone members and the IMF agreed to a €110 billion Greek bailout. The can was kicked down the road. Today, Greece’s debt-to-GDP is nearly 180%! Yet on July 5, Greek voters loudly said “No!” to the austerity reforms proposed by creditors. In other words, it was a “yes” vote to…

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Where are commodity prices headed? Get some answers from Elliott Wave International’s Commodity Junctures

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The debt implosion from  2007 to 2009 shook the financial world. But a still-bigger debt disaster may be  on the horizon. The just-published May Elliott Wave  Financial Forecast comments on the findings of consulting firm  McKinsey & Co.

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The March issue of The Elliott Wave Theorist explains that while people may remember some of the details, they “forget their prior mood and rationalize present extremes into normality.”

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