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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (35694)	6/12/2008 7:19:38 PM
From: THE ANT	Read Replies (3) \| Respond to of 217544

I agree with most of that, the USA has to pay the price for bad policy and lack of savings,none of the options are good .China has played the better game and will blink because it is in their interest at the time.The standard of living fall had to come by deflation or inflation anyways as the US blew it years ago

To: TobagoJack who wrote (35694)	6/12/2008 10:12:09 PM
From: carranza2	Read Replies (2) \| Respond to of 217544

It's the public/private debt, including unfunded entitlements, that are the real problem. Not visible to J6P now and clearly not visible even to intelligent and reasonable folks. But the DC politicians know; they have no desire to deal with the problem for they are not in the biz of providing bad news. The American standard of living is destined to fall in the next 20 years and not only because of trade problems but primarily because the wounds - bone-crushing debt - are self-inflicted. The interest on the debt will be barely paid. There will be precious little left over for anything else. See this from the Brookings Institution: concordcoalition.org It's not a matter of ideology or politics but one of arithmetic.