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

To: Claude Cormier who wrote (100724)	8/12/2009 1:58:53 PM
From: Zincman	1 Recommendation Read Replies (4) \| Respond to of 116555

Just playing devil advocate: (no need to reply..) 1) unseen level of debts vs shrinking real GDP (its been higher) 2) US Demographics will cause less consumption, less buyers to feed the system (US is only developed country w/ positive birth rate. EchoBoom is largest demo in US history 100mm ++.. under 25yrs old)((US taxpayers have combined net worth over 55 trillion... that's a big number)) (((US legal immigration will continue to expand))) 3) world wide population growth implies more consumption of scarce resources (peak oil... etc)(World has always found supply of raw materials or alternatives. Lack of whale oil was going to bring the world to its knees..;) Then they discovered crude oil. LT, commodity pricing have always faced pricing pressures)(Peak oil still yet to be proven, either way) I don't disagree challenges ahead.. but I think worldwide growth will trump US decline moving forward. A little balancing is good. Evey single person who has predicted the final fall and devastating collapse of the US has been wrong.. Frankly, I am getting a bit more concerned about how the govt will deal w/ overpopulation rather than the lack of material supply... Maybe this time it will be different? jmho, ZM