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Elliott Wave International NewsWire

GONE FISHIN’



Corn: Is The Bullish Party Over?

Fact: Corn prices have officially gone from sizzling to fizzling. On Tuesday, June 30, the grain's prices plunged to the Chicago Board of Trade's imposed daily down limit to end at a fresh, four-month low. As for why-- the mainstream experts pointed their accusatory finger at two specific U.S. Department of Agriculture reports. To wit:

Some Thoughts on the Fractional Reserve Banking System

Here's an interesting question we've just received at EWI's Message Board: "Dear EWI, as the Madoff hoopla is going full blast today on TV, I would be interested to hear your thoughts on this question: Are today's banks in their vast majority also massive ponzi schemes?" Answering a question like that can be a simple matter of definitions -- so let's give it a shot...

(c) 2009 Elliott Wave International

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