bobbyw24
01-06-2010, 05:52 AM
Tea Party: Bright Future Ahead?
1/5/2010 3:00:00 PM
The tea party movement is gathering momentum across the United States. In a January 5 New York Times article "The Tea Party Teens," David Brooks writes (underline added):
The tea party movement is a large, fractious confederation of Americans who are defined by what they are against. They are against the concentrated power of the educated class. They believe big government, big business, big media and the affluent professionals are merging to form self-serving oligarchy -- with bloated government, unsustainable deficits, high taxes and intrusive regulation.
According to the NBC News/Wall Street Journal poll, 41 percent of Americans have a positive view of the tea party movement. The Rasmussen organization asked independent voters whom they would support in a generic election between a Democrat, a Republican and a tea party candidate. The tea party candidate won, with 33 percent of independents.
Over the course of this year, the tea party movement will probably be transformed. Right now, it is an amateurish movement with mediocre leadership. But several bright and polished politicians... are unofficially competing to become its de facto leader. If they succeed, their movement is likely to outgrow its crude beginnings and become a major force in American politics.
I realize it's a politically charged topic. But set aside your personal views about the tea party movement, at least for the moment or two it will take to read the quotes below. They are from the October 2003 Elliott Wave Theorist. In that issue, EWI's president Robert Prechter gave some amazingly prescient socionomic forecasts for the coming bear market, regarding social life and politics (underline added):
Social groups, including economic, political, religious, genders and classes, will polarize and splinter further. I.e., they will polarize both internally and with respect to opposing groups.
Both patriotism and anti-government sentiment will grow into powerful emotional forces.
Politics will become far more polarized, splintered and radical.
The U.S. will accelerate its trend toward socialism. Opposition to that trend will be vigorous.
Third parties will gain political clout and win local elections. Libertarians, greens and others will capture many local offices and probably at least one state government.
How in the world was Bob Prechter able to predict the emergence of a third party and the societal polarization that's been tearing us apart?
He did so by using socionomics, the new science of social prediction. Based on the Elliott Wave Principle, socionomics postulates that social mood, an unconsciously shared herding impulse in humans, drives social action. Social mood is reflected in Elliott wave patterns in stock market charts. Thus by forecasting the stock market you can also forecast the tenor of social events -- often with stunning accuracy, as you can see.
Find the idea of socionomics fascinating? You're not alone -- the folks at EWI's sister organization The Socionomics Institute share your passion. You can read their latest socionomic observations and forecasts every month in The Socionomist. Take a look at what's inside the latest issue. (You also get instant access to November, October and September forecasts.)
http://www.elliottwave.com/features/default.aspx?cat=pmp
1/5/2010 3:00:00 PM
The tea party movement is gathering momentum across the United States. In a January 5 New York Times article "The Tea Party Teens," David Brooks writes (underline added):
The tea party movement is a large, fractious confederation of Americans who are defined by what they are against. They are against the concentrated power of the educated class. They believe big government, big business, big media and the affluent professionals are merging to form self-serving oligarchy -- with bloated government, unsustainable deficits, high taxes and intrusive regulation.
According to the NBC News/Wall Street Journal poll, 41 percent of Americans have a positive view of the tea party movement. The Rasmussen organization asked independent voters whom they would support in a generic election between a Democrat, a Republican and a tea party candidate. The tea party candidate won, with 33 percent of independents.
Over the course of this year, the tea party movement will probably be transformed. Right now, it is an amateurish movement with mediocre leadership. But several bright and polished politicians... are unofficially competing to become its de facto leader. If they succeed, their movement is likely to outgrow its crude beginnings and become a major force in American politics.
I realize it's a politically charged topic. But set aside your personal views about the tea party movement, at least for the moment or two it will take to read the quotes below. They are from the October 2003 Elliott Wave Theorist. In that issue, EWI's president Robert Prechter gave some amazingly prescient socionomic forecasts for the coming bear market, regarding social life and politics (underline added):
Social groups, including economic, political, religious, genders and classes, will polarize and splinter further. I.e., they will polarize both internally and with respect to opposing groups.
Both patriotism and anti-government sentiment will grow into powerful emotional forces.
Politics will become far more polarized, splintered and radical.
The U.S. will accelerate its trend toward socialism. Opposition to that trend will be vigorous.
Third parties will gain political clout and win local elections. Libertarians, greens and others will capture many local offices and probably at least one state government.
How in the world was Bob Prechter able to predict the emergence of a third party and the societal polarization that's been tearing us apart?
He did so by using socionomics, the new science of social prediction. Based on the Elliott Wave Principle, socionomics postulates that social mood, an unconsciously shared herding impulse in humans, drives social action. Social mood is reflected in Elliott wave patterns in stock market charts. Thus by forecasting the stock market you can also forecast the tenor of social events -- often with stunning accuracy, as you can see.
Find the idea of socionomics fascinating? You're not alone -- the folks at EWI's sister organization The Socionomics Institute share your passion. You can read their latest socionomic observations and forecasts every month in The Socionomist. Take a look at what's inside the latest issue. (You also get instant access to November, October and September forecasts.)
http://www.elliottwave.com/features/default.aspx?cat=pmp