Robert R. Prechter, Jr., Executive Director of the Socionomics Institute, discusses how Elliott Wave market trend analysis is predictive not only of stock markets but also human social behavior, the societal mood as a leading indicator of economic trends and warfare, the correlation between bull markets and bright mini skirts and how the bailouts encourage recklessness on Wall St. by encouraging moral hazard.

MP3 here. (34:08)

Robert R. Prechter, Jr. is president of Elliott Wave International, which publishes analysis of global stock, bond, currency, metals and energy markets. He is also Executive Director of the Socionomics Institute. Mr. Prechter is author, co-author and/or editor of 13 books, including Elliott Wave Principle – Key to Market Behavior , Socionomics: The Science of History and Social Prediction, and Conquer the Crash.

Mark Ames, author of “The Cold War that Wasn’t” in The Nation, discusses the dominant narrative and ideological underpinnings in the U.S. press regarding the recent Georgian attack on South Ossetia and subsequent Russian counterattack on Georgia, the attempt to portray Russia as the aggressor by floating the idea of a first-strike cyber war despite the lack of any evidence, the alleged poisoning of Ukraine’s Victor Yushchenko and the current dispute between Yushchenko and Yulia Timoshenko over her reaction to the Georgia war, the poisoning of Alexander Litvinenko, NATO expansion into Eastern Europe, the precedent set by U.S. intervention in Kosovo, the danger of putting “defensive” missiles in Eastern Europe while the U.S. foreign policy establishment contemplates first strike capability, U.S. NED support for the Russian National Bolsheviks, the “shock therapy” robbery of Russian resources under Yeltsin’s autocracy in the 1990s and the consequences.

MP3 here. (64:25)

Mark Ames is a journalist who has written for several publications including the New York Press, The Nation and GQ Russia and is the founding editor and regular contributor of the Moscow-based newspaper The eXile. He is the author of Going Postal: Rage, Murder and Rebellion From Reagan’s Workplaces to Clinton’s Columbine and Beyond and The eXile: Sex, Drugs and Libel in the New Russia.