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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.29

+0.6%

Nov 7 4:00 PM EST

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To: Maurice Winn who wrote (26732)	12/23/2007 7:29:36 AM
From: KyrosL	Read Replies (2) of 217587

I think the immediate future holds an intermediate recession for the US, a substantial slowing for the rest of the world, a substantial reduction of the US deficit, a dollar that does not substantially fall or rise from current levels, and stocks that just muddle through, but don't tank substantially due to the wealth fund effect. The future a few years from now is, of course, very uncertain. But there are glimpses of it. In the US the idea of replacing most, if not all, of income taxes with a large consumption tax is gaining ground. It's in the platform of the fastest rising Republican candidate. I am sure even the Democrats will like it, if the elimination of income taxes is confined to the middle and lower incomes only, and the consumption tax excludes essentials such as food and medicine and shelter -- all of which, coincidentally, are produced in the USA. Such a consumption tax will go a long way towards eliminating the excess consumption in the USA and its trade deficit -- see Europe with its near 20% VAT.

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