Elliot Waves tell that the US economy has another significant primary wave down...
Putting a date out in the public space is a sign of great stupidity or egotistical arrogance, unless it is done to measure your own foresight ability at a future date, to make your innerself stronger or more honest.
Truely am concerned about the state of the economy in the english part of the world. We may have over extended ourself, and lost our lead permanately. My knowlegee base does not compare with the quality of publications made by many members of the blogosphere, especially considering this peer group includes CEA and IMF economists. I keep finding myself thinking that the issues are so systemic, that if a layman as myself can see it clear as day. Our collective greatest hope is that I am the layman, and am not the smart money and am entirely wrong.
Humanity always pulls through the hard times, and our technological sophistication enables us to survive with about 15% of our total output. It is not survival I am concerned with, it is that we be the anglophone wealthy portion of the world may have squandered through excessive greed our edge to developing portions of the world. Therefore making our standard of living much less maintainable over the medium term.
Looking beyond that, still trying to figure out what the next corner is, collectively these advanced financial and economic systems help all of us to help each other collectively lift each other out. What is left, or what is new? Is is the awaking of humanity through the internet.. Somehow this thread seems true..
J
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