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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: patron_anejo_por_favor who wrote (5578)5/4/2004 10:23:45 PM
From: orkrious  Read Replies (1) | Respond to of 116555
 
that's an awesome piece. when will people like machine head replace maria?



To: patron_anejo_por_favor who wrote (5578)5/5/2004 12:20:05 PM
From: No Mo Mo  Read Replies (1) | Respond to of 116555
 
It might sound masochistic but, it's refreshing to hear someone incorporate the environmental/infrastructure context into the train wreck scenario. It's a MUCH bigger train now (than the 30's) and when the wheels come off, the resultant damage could be an order of magnitude larger.

Very little of the discussion I see accounts for depleted sources of H2O, for example. That WILL put tangible downward pressure on the economy. I consider resource depletion to be the elephant in the room that so much investment discussion is too fearful, greedy or simply too short-sighted to incorporate.

That leveling of global per capita consumption (US going down, not the rest of the world coming up) is inevitable and likely coming to a suburb near you much sooner than "the people driving 3-ton balloon-tired Detroit iron, living in 6,000 sq ft mini-mansions, owning time-shares in Hawaii/Mexico/Caribbean that depend on cheap air travel, are living an antiquated and doomed lifestyle" can fathom.