moolamaniac,
The answer is credit deflation.
Most people know Robert Prechter only for his elliot wave forecasts but he's actually put a lot of work into explaining the fundamental reasons why... might be a good place to start.
xjo weekend zoomba lounge, page-177
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Last
8,252.8 |
Change
38.300(0.47%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,214.5 | 8,271.8 | 8,214.5 |
| XJO (ASX) Chart |