The other thing that is being forecasted is, the standard of living in the US will drop. Wages will drop, and more income will be spent on health care and energy costs.
We are being affected by something called globalization.
Things will not return to what they were like, IMO.
We are heading for deflationary conditions due to globalization, IMO.
And, while it's not all doom and gloom in a deflationary climate, it sure as hell ain't going to help profits.
The bubble is over, it will not happen like that again in our lifetimes, IMO.
But, I think the "son of bubble" is coming on hopes and dreams, after warnings, but will be smaller and short lived.
So, I'm ready to ride the "son of bubble", bring it on Wall Street. |
