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

To: Cogito Ergo Sum who wrote (92849)	7/25/2012 8:41:34 AM
From: elmatador	4 Recommendations Read Replies (1) \| Respond to of 217576

Rich countries are living off capital. To live off their economic performance only, their standard of living would have to drop. By how much, that standard of living would have to drop? I don't know. I can just see the periphery Med countries and formers communist Central Europe -whose capital stock was not as a high as the central economies- having to lower their standard of living significantly. UK, end of North Sea oil starts biting hard. Japan, need to import gas now that nuclear generation was curtailed. Canada US teat drying up for its energy Those are macro fundamentals people are overlooking. Demographics will continue to remove people from the economy in the rich countries... Overall not a pretty picture. Brazil was forced to drop its standard of living dramatically to overcome its crisis... Its was harder than it should have been because it postponed the pain.