'US financial system is toast' - mmm, some more members of it will be toast, but the overall system will survive and thrive, if/when it learns a few lessons ... or re-learns lessons, more properly
The US economy has always bounced back strong, mind you this was more in its principled days of creative destruction when they let the weak and shoddy go belly-up and smarter folks got to play with the left-over resources, instead of the taxpayers bailing out the crims who made trouble in the first place ... different now to some extent yes, but you have to wonder how long that will last
Transport costs should knock back the cheap-crap-from-China business somewhat, bring manufacturing closer to home ... even though oil is retracing at the moment, the message may have registered that we've burnt up the easy energy and must get smarter about alternate sources ... should be a tech/manufacturing boom in this, has to be eventually ... more electricity, among other things, and it takes lots of copper to transmit it
PMs, yes them also ... i still like silver better - see how when they sell off, the Au/Ag ratio rises, when they recover the ratio falls? ... means silver moves more, wider higher faster longer further, more bang for the always-limited buck |
