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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 399.01+0.1%4:00 PM EST

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CusterInvestor
To: John Vosilla who wrote (109080)12/17/2014 7:29:23 PM
From: THE ANT1 Recommendation  Read Replies (2) of 218603
 
Why screwed ? Everything will be more or less the same other than a bit lower GDP growth and the end of asset appreciation. The people screwed are the young people coming into the world and planning to retire. It will be hard for them to accumulate wealth and have it maintain its value over the years. But who knows with Google cars and the robotization of the world they may still have a better life than us. The US is in the role Great Britain was during the Great Depression--the periphery (US) suffered a much greater downturn than they did.The only risk is that the Congress not deficit spend if needed to keep up employment. As I have said before, as long as there is no inflation, and the money is spent wisely, such as on infrastructure(or cutting taxes on the middle class so they can pay down their debt), deficit spending is good (again the words are no inflation and spent wisely) I doubt we see wage inflation prior to commodities reflating. That will likely happen when the Chinese and Indian consumers get going in ? 5-10 years
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