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Jason Rines (iThinkBig)'s
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Big picture, this is a deflation of -20 GDP that began in August of 2007 and will last until 2012-2013. Then I expect a new Bull. 7% of true GDP seems to have come off in 2008, 3% more in 2009 & 2010 (I expect some bear rallies) and the worst of the worst will hit late 2010 and 2011, another 10% GDP lopped off. No it is not the end of the world. It is the end of a 25 year superbubble built on credit. Washington policy this spring or lack-thereof will dictate the true recovery time, so perhaps 2013 is optomistic. So far, I have seen socialism attempted to be repaired by socialism. I should really call what this American government is which is Feudalism.
Sep 05 17:37 pm
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