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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding
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To: elmatador who wrote (8)3/10/2017 6:17:59 PM
From: Elroy Jetson  Read Replies (1) of 13803
 
The Economic Depression of 2008 was much larger than the Great Depression, but governments took different choices this time.

But these different choices don't make the asset destruction, which resulted in the economic depression, go away. That asset destruction result in reduced incomes, even though we've now spread that out over a longer number of years.

The fact that the banking system was spared much deeper declines in real estate prices have left home prices, in California at least, at uninvestible prices which will be revealed as much slower price appreciation over the coming years as interest rates slowly rise.

These lingering effects will be compounded by the effect of aging populations in most nations of the world, including China, and an older population stops working and spends less.

We still have the opportunity to shut down global trade with a tariff regime like Smoot-Hawley which would make the economy much worse everywhere.

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