Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Chip McVickar who wrote (24831)	3/3/2005 8:36:04 PM
From: Earlie	Read Replies (1) of 116555

Hi Chip: I am on the other side of your bet. From my (admittedly an outsider's) perspective, the US economy has accumulated too many ills for anything other than a short term "muddle through". Items that appear foreboding to me include busted pension funds, massive global inventories (especially in tech land), an up-coming plunge into glacial waters for the markets as the "expense-those-options" requirement hits reported earnings, a real estate market that has topped out and is feeling gravitational pull, a terribly expensive foreign war, a burgeoning (and long over-due) global response to an over-printed greenback (get rid of the crummy dough and keep the good stuff), the oft-cited current account and trade deficits (that don't seem to be of any concern to a US government.... a government that appears to believe that the rest of the world will simply keep on financing its insanity), rising unemployment, debted-out consumers, exploding energy costs, etc. To me, it is simply a matter of time before one of these items triggers a large market dump.... which in turn will REALLY turn off the spending taps. And after that........ YUK! To each his own view. best, Earlie

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