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

To: mishedlo who wrote (80765)	6/28/2008 1:46:01 AM
From: jmiller099	Respond to of 116555

Excellent

To: mishedlo who wrote (80765)	6/28/2008 2:14:03 AM
From: axial	Read Replies (1) \| Respond to of 116555

Mish, what worries me is that everybody's got a plan, but no one has a solution. Let the system fail? Not an option. Yet all these schemes seem to be straight-arming the inevitable. The financial system appears to be in peril from within, and without. Foreign players (in their own self-interest) might be persuaded to support the US - but as (or if) the US economy stagnates, and US purchasing power declines, the support proposition also weakens. The question is: how bad will it get? Do we have a "savable" situation, or are we irretrievably locked in a downward spiral no matter what anyone does? Are we talking US recession, or depression '30's style? Global, or limited? We know things are Not Good, but would anybody care to say How Bad? I sense a situation that can slip into chaotic outcomes: is that accurate, or overstated? Is this a burning theatre where everyone's afraid to yell "Fire!"? Or are we just suffering from information overload in a tough, but probably transient situation? Color me confused. Jim