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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (70683)	10/26/2008 4:43:14 PM
From: marek_wojna	2 Recommendations Respond to of 74559

<<Tourism is down. When hordes of welfare bludgers are cut off from their cash supply, the minimum wage is going to seem very high. Or the government will do as normal and adopt Zimbabwe strategy with equivalent social outcomes.>> Isn't the life a constant change? Only the species who adapt to the change can survive. <<The USA is so big and many other countries are in the same boat so there isn't any externality this time around.>> Anything what is big when falls makes lots of noise and collateral damage and attracts lots of scavengers who feed on the carcasss. The Walls might be whispered into the politicians ears. So far they only copy policies of USSR and eastern bloc before their collapse. Zimbabwe example might be the next to follow the trend. BTW, black market in gold already started around the globe. Something fishy about the archaic relic, it never wants to get under control. But we'll see yet. I guess if people in their minds will see it as the best option, premiums will be paid. << I won't hire one to mind my portfolio even if they are good savers.>> Most of the fund managers and regular people should hire them long time ago. They store their food in many places, yet constantly checking out new opportunities. You would be surprised. <<So this could be much more interesting than Japan's bust which took the stock market from 40,000 nearly 20 years ago to 8,000 now. If the Dow travels from 13,000 to 2,500 over the next 20 years, a lot of people will consider it a poor investment.>> Japan as a nation and individuals had huge cash reserves. Otherwise they would be torn apart long time ago. <<Iceland is unlikely to "bounce back">> This a one of the countries which will do good in coming years. Marek