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

To: TobagoJack who wrote (39161)	8/22/2008 7:17:09 AM
From: elmatador	Respond to of 217576

This slump is not like past ones when we were fleeced to pay for the OECD to return to growth. It will be long and will force OECD to adapt to frugality and deteriorating standard of living. If that had been already taken care of at the end of the tech bubble, the 'Lost Decade' would have ran more than half of its course. Because of the helicopter money-dropping thing, the adapation will much more painful than it should. Instead of just treating that little cavity in the tooth, now it needs to do root canal treatment. How can those countries turn themselves in exporting power houses to pay for their imports of gooods and services? It is going to take a while to adapt. Overall picture is very bleak. UK In the early 1990s, interest rates reached 14 percent and inflation and unemployment soared as the country paid the price for Margaret Thatcher’s boom in the 1980s. nytimes.com