Mish's Global Economic Trend Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Wyätt Gwyön who wrote (1783)	3/11/2004 10:42:45 AM
From: mishedlo	Read Replies (1) of 116555

thanks darffot that is a quick answer and one I agree with. Another version is this: The US consumer is the consumer of last resort. Driving much of the world economy. Currency wars are even being fought over this. Everyone wants the US$ higher (to keep exporting to us), we want it lower (so that we can keep exporting). In the meantime debt is stacking up unabated and can not go on forever. When the US consumer gives up, and he will if jobs are not there or confidence falls low enough, the whole world economy goes into the toilet. Right now jobs suck, and confidence is falling off the table. Finally, China is acting to curb its demand as well. We do not need rate hikes to push this over the edge, we are falling off the edge as I type. Mish

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next