Hi ACF Mike, I think <<d) an ocean of consumer demand>> will soon vaporize, due to balance sheet and financial planning prudence considerations; and sooner than 10 years, much sooner.
Corporate <<b) productivity>> may increase more, if the electorates allow them to continuing doing so, but will soon be needed to service increased corporate debt (unlike Greensputin's chant, balance sheet repair has not happened except for the companies that disappeared), and if so, consumers will have even less to spend on things they might not need.
Another 10 years of productivity increase may not be in the political cards; and balance sheet repair will be needed a lot sooner than 10 years.
<<c) monetary rocket fuel>> is doing wonders for China and India, and I feel, for America's sake, and therefore, as of this moment, the world's sake, that the tap be restricted a bit, because we, as in the world, is heading for a hard smack against the cliff.
I hope folks buy into the sustainable a) cyclical economic recovery spin, so that I can get out of my newly purchased HKD/USD and reload on EURO and gold, and the sooner this happens the better I would feel.
I agree with <<The magic ingredient that will trigger the unraveling of the whole leveraged Ponzi ball of wax is a secular failure of d).>>
I think events look very bad, and trending rapidly towards worse.
Chugs, Jay |
