Debt, Austrians and Investment Strategy

I recently found myself reminiscing about the capital market doommongers of the past 30 or 40 years (my favourites are Ferdinand Lips, erstwhile Rothschild Zürich, the great Gold prophet of the late 70s and 80s and Bob Prechter of Elliot Wave fame who got it right once in 1987. Both ended up living in caves (metaphorically) eating baked beans and nuclea…