Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: mishedlo who wrote (6292)	5/13/2004 11:44:35 AM
From: Haim R. Branisteanu	Respond to of 116555

some people dream on

To: mishedlo who wrote (6292)	5/17/2004 8:29:46 PM
From: Earlie	Respond to of 116555

Mish: At this end, the formula is fairly simplistic..... big debts, rarely create problems so long as one can maintain the payments. Unfortunately, rising unemployment/underemployment, coupled with exploding new levels of debt are wreaking havoc with that ability in the US. As one who endeavours to keep a finger on the American consumer's pulse, I have to say that I have never seen anything like this past three years for imploding employment and exploding personal debt. Unfortunately, it is difficult to imagine how a change in this ugly trend might be engineered and without such a change it is also difficult to see how a full-blown depression is avoided, particularly given the massive over-dependence of the globe on the continuing extravagance of the American consumer. Of course most folks think the government's "safety net" would never let another depression occur.... ho, ho, ho. Best Earlie