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

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To: RealMuLan who wrote (5678)	5/5/2004 6:15:44 PM
From: No Mo Mo	Read Replies (1) of 116555

"the per capita consumption in the US has to go down 20%+ from here Easier said than done. Do you think the average citizen of this country will willingly cut back on consumption? We have yet to slow the increase. You need to look no farther than the US meddling in the Middle East to see what we will do to secure our energy demands. Has any American leader asked us to think about conservation? Look at what Cheney said a couple years ago: "Cheney's solution to the "potential crisis," which he blamed largely on the Clinton Administration, is to drill more, mine more, generate more and build more nuclear plants. He nodded to "conservation," but essentially mocked it as "a sign of personal virtue"-- Jimmy Carter in his cardigan." forbes.com There will be much turbulence, both internally in the US and around the globe, before our per capita consumption levels equate. If our past behavior has any predictive quality, 'investing' is unlikely to be a concern by the time we get there.

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