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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Tommaso who wrote (34147)7/25/2005 1:16:10 PM
From: GST  Read Replies (1) of 116555
 
100% agree on demand for oil. There is tremendous pent-up global demand for our resource-intensive life style -- a complete disaster for the environment, but not the stuff deflation is made of. The issue often raised though is what about the impact of US demand in the even of a crash in consumer spending? Oil is not likely to be impacted due to other factors, but just how important is the US consumer in relation to global markets? In the past this has been huge -- do uou really think global demand can be sustained if the cash registers in the US fall silent?
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