"People saying americans will be up and spending like old times
soon enough seem to know nothing of how history shows the
cycle to frugality lasts AT LEAST 10 years--it is of one the
most powerful behavior pivots in Humanity."
We are in year 10 of that cycle, Max - SPX/gold ratio peaked
in 1999 and dropped 80% since. Here is the website for real
charts that define your cycle of frugality -g-
pricedingold.com
So, while the majority now believes 1929 just started, the
answer is NO, it is Year ten of the cycle of frugality now.
Unlike the Feds, gold does not lie. This is why the crisis is
so severe. We are setting records in unemployment since the 80s, well, cause we are darn close to da secular bottom.
Well, gold also says we still have quite some room and
time to go to the downside still. However, that may just mean
that gold soars. -g-
Again, some. We are not talking decades now, as a decade of
frugality has passed. We are talking secular bottom within
2-3 years. That means a crisis, then recovery. We are living
in the age of fiat, and fiat distorts every statistics. -g- |
