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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Paxb2u who wrote (88087)10/9/2008 6:38:09 PM
From: dave92 Recommendations  Read Replies (4) of 116555
 
I do not think that the market will recover within the next ten years. Let's see how we survive the next major war and who else survives in good condition.

Do anyone feel the conditions are favorable for growth and prosperity or ... not? My take is that the price of energy is going to be more expensive because more people fight for fewer readily available resources. I feel that the age of cheap abundant energy is over. Everything we consume in society will cost more. Every one's share of everything will be smaller. I believe that the economy will continue to contract until society changes to live in a world of fewer available affordable resources. Strife, war, conflict more likely. Also, keep in mind that our government currently spends billions of dollars we do not have to occupy Iraq.

Next on a different take, it is just me but it seems like a lot of companies are nothing but bloated debt ridden entities. The first growth going on is the growth of the debt the companies take on to stock the shelves with crap from China. The second growth is the fraud and theft by the company owners and officers. Too many companies seem like the only payoff possible is the interest on the debt; that the debt could never be paid off. All of a sudden, no bank is willing to loan these companies any more.

Looking at the graph below, 20 years is a reasonable time for recovery and a DOW 3000 is possible.
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