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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.96+0.2%Nov 19 4:00 PM EST
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To: elmatador who wrote (52482)7/18/2009 4:00:14 PM
From: THE ANT2 Recommendations  Read Replies (3) of 217901
 
Elmat,things are still tough in Brazil.The local realitor say only 1 in 20 people who walk into his office are buyimg and the rest want to sell something.Building lots in Belo Horizonte are down about 30% in reals.Brazil did catch the end of a one in two generation credit bubble.If they had gotten a chance to participate earlier it would have been worse.Much pain still to come.http://seekingalpha.com/article/148526-washington-s-dilemma-this-isn-t-a-recession-it-s-a-collapse?source=patrick.net
People still dont get it!Minskys stability breeds instability along with Chinas holding rates down to transfer US held wealth to China and FEDs low rate mistake and the financial world/US Congress fiasco (getting rid of Glass-Steegle act and many others)caused a Capital/Labor ratio doubling.The above situation is non fixable as it can not be replicated.Half of all wealth must be lost relative to labour.To make matters worse,the US and much of the world geared their labour towards perceived wealth and perceived areas of wealth creation which did not in reality create wealth.Nothing this administration does can prevent a financial reset which will leave us all feeling poorer.As Elroy estimates, it will probably take 8-10 years for us to be as truely wealthy as we thought we were.Many jobs must be lost in the meantime.If we make things less painfull now it will streach our time frame out 20 years.Inflation can help hide our real losses not keep them from occuring
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