gabe borenstein

Amazon: Recession? What Recession?

Let's not argue what is but what lies ahead .Amazon and many emerging market economies have been beneficiaries of the high commodity prices.
In turn high commodity prices are function of a massive and unprecedented commodity speculation .
As the deceleration in the U.S Economy continues it will gradually impact global economies.The global deceleration will turn into unprecedented economic implosion.This implosion will cause a record decline in the commodity prices sending the emerging market economies into the dark ages .Europe will follow as well. In the period ahead we should have another evaluation of the Amazon dynamics as they turn into shambles.U.S continues to be global locomotive which sets the global economic trends .The abysmal performance today is
about to turn into a mega recovery primarily driven by the massive dollar inflows function of pending economic implosion outside American borders (Amazon will not escape the contraction).In the meantime the U.S economy which has delerated but is not in recession ,will attain above the trend growth (record)in the period ahead . Recession is defined as two consecutive quarterly GDP declines. Major issues facing U.S economy are being addressed by the FED and the Treasury ,where as problems facing emerging economies ,including "Amazon" ,are being deflected.
I am sure that for a while longer we will hear hear about the economic miracles in the emerging market economies .This is a prelude to a massive economic collapse in the area enhanced by the record per capita debt and social unrest to follow .
The U.S,for all of the wrong reasons will thrive.
As the U.S stock market reaches record high in the period ahead ,we revisit Amazon economy then ,likely in recession.
I have predicted the current events more than two years ago in an interview (Bloomberg) ,I have reiterated the dangers on September 18 ,2007(bloomberg tv).I will be right on this call but the market volatility wil continue.