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Strategies & Market Trends : The coming US dollar crisis
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To: ggersh who wrote (19923)4/23/2009 6:52:50 PM
From: benwood  Read Replies (2) of 71454
 
Roubini calls for a U-shaped recovery, with his talk of positive 2nd derivatives in many things worth tracking, e.g. layoffs. I think it's more relevant to look at the % laid off of those employed the previous month, as I believe the overall employment based is going to asymptotically approach some substantially lower level, first overshooting to the downside, but then only gradually rising up to our new, lower, more sustainable level.

I loved hearing Age of Austerity in that post by Max -- I used the exact phrase last week. I think in a few years, it will be widely understood why we had an L-shaped recession. Those who think the Pummeled Generation (Baby Boomers who went Boom) will be consuming like there's no tomorrow are on drugs. That version of Tomorrow is in the rear view mirror for an entire generation.
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