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 : SiliconInvestor All Stars Forum -- Ignore unavailable to you. Want to Upgrade?

To: ballsschweaty who wrote (1173)	8/7/2007 1:12:03 PM
From: Dale Baker	Respond to of 1718

The "main customer" mantle will shift away from the US steadily to Asia, gradually reforming Europe and the more prosperous corners of Latin America with natural resources. Globalization should do fine; America's rank in the game will probably sink, however.

To: ballsschweaty who wrote (1173)	8/7/2007 11:10:38 PM
From: John Vosilla	Read Replies (1) \| Respond to of 1718

I suggest reading Ravi Batra's 'Depression of 1990'. I think Mish and Ben Jones' blog followers are way too the fringe and rehashing the same mantra. USA at the margin will be a less dominant player. Just the collapse of our currency by 50% and a global boom at the same time shows that to be an ongoing trend.. I expect a recession, a stock market crash or two and continuation of the RE downturn the next couple of years. Not anywhere close to a doom and gloom scenario unless you start seeing the likes of Citicorp, JP Morgan, Wells Fargo and Bank America on the verge of insolvency like in 1990.. And even then with commercial RE nationwide collapsing 70%, our banking industry in ruins, Japan collapsing into depression and US home prices in our largest markets down an average of 30% we came out okay..