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

To: elmatador who wrote (42168)	11/2/2008 6:44:02 AM
From: THE ANT	Respond to of 220242

Wages will not come down in as large a percentage as asset values.This is first and foremost a once in 70 years (not a coincidence , the Israelites spent 40 years in the dessert for a purpose)credit bubble and will crush assets.I tell others,if I was 18 and had a job I would much rather walk into this world today than 4 years ago.Owners of assets(the already rich)ruled the last 15 years.Of the Novo Rich, many were people with poor impulse control who borrowed lots of money and were in the right place at the right time and rode the asset bubble,and thought they were rich(I suspect many of them are found on these boards).The smart ones did step out of the game of musical chairs but I am watching many of these guys go down in a ball of flames.The next 15 years will be for those with high incomes/salarys and I dont mean the brokers,bankers,builders,mortgage bankers of the world.Wages will rise relative to assets.The real rich will wipe the novo rich off their boots as they do every 70 years.