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Strategies & Market Trends : Natural Resource Stocks
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To: Little Joe who wrote (89291)5/31/2011 10:58:03 AM
From: isopatch  Read Replies (1) of 108522
 
Hi Joe. Took a posting vacation, myself. Per your post:

<...the party stops at once as a series of cascading defaults consume the financial system far faster than governments can print money to dump on the problem.>

We got a good introduction to that scenario in the 2008 meltdown. If we keep in mind that ALL prices are being artificially held higher, than otherwise would be the case, via this titanic generational credit balloon, we have to expect the next phase of the massive credit meltdown and economic bust to develop later this year and next.

Economic stats show this cycle already rapidly slowing and likely to go negative either in this calendar quarter or certainly in the one ending in September.

My secular read, for years, has been for an enormous multi-decade stair step global depression with each down step defined by a major cyclical recession followed by very weak sideways to up action hyped by the captive media as a "recovery" (or "stabilization" as the "recovery" concept is getting impossible to sell to the public).

Each of these successive recessionary down phases will generate higher levels of LT unemployment here and abroad with higher and higher levels of socio-economic stress. Each recessionary downward step will also spread the reach of the secular contraction eventually pulling down even the worlds strongest national economies such as China.

Iso
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