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

To: Chas. who wrote (102242)	9/20/2009 1:19:39 PM
From: Elroy Jetson	1 Recommendation Read Replies (1) \| Respond to of 116555

Clearly those Americans who have been routinely spending far more than they earn, through the magic of debt, might well be forced into greatly reduced circumstances. But Americans who currently find themselves heavily indebted will have access to their full earning potential without subtracting debt payments, what ever that proves to be, once they emerge from bankruptcy. Those whose wealth consisted of inflated assets will also find their standard of living greatly reduced. But they will have the ability to invest on a more sound basis, rather than placing bets in a heavily debt-ridden casino. Also those who have created a livelihood based on the unsustainable spending of debt addicts have already experienced a sharp reduction in their standard of living. If they are not adaptable to new markets this decline will be permanent. .