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


To: elmatador who wrote (61742)3/7/2010 9:29:23 AM
From: Chas.  Read Replies (2) | Respond to of 217653
 
I don't know about any Lost Decade or Middle Class Brazil but USA will have a new Middle Class arise from our present ongoing economic disaster....re alignments, re prioritizing, re allocating... all from a radical lowering of the Standard of Living of the 1980's, 1990's, early 2000's that millions were accustomed to.....

The poor will remain poor, the rich will remain rich, all others will adjust accordingly and downwards.....

The only dynamic, IMO, that can prevent this is another Credit Bubble and that is most unlikely considering the new Employment environment......

regards