Show Me The Place

Show Me The Place by leonardcohen

While is has not been our practice to add music to this blog, sometimes music can communicate thoughts better than charts, graphs or words.
This song, with its understanding of suffering, seems appropriate.
A chart from Elliot Wave International edited by your truly, also sends us a message:

My view, given the facts presented in this chart, are that the deflation of the credit market will be at least 50% greater than that experienced during the Great Depression considering the extreme degree that credit boomed from the 1980s to 2000s.