socrateazz

Year to Date Country Returns: U.S. Lags

What can you expect? Concider who is making the economic decisions in the US. And concider their logic. Is it based on reality? Or is it based on belief (religion)? The leaders have placed the economy in chains on torture racks and expect the magic dragon to light the fire on the economy. They will get charcoal, not cooked food with their logic. But reality will probably be a few years away yet!

How Much Downside Could Still Exist?

I think the 1930's depression of the US is similar to what is happening in Asia and eastern Europe. Wealth has gone into the hands of a few producers. The producers accumulated wealth and when the downturn hit they stashed their wealth rather than reinvesting it. Their economies will thrive after coming out of this depression unless leaders decisions cause more internal problems. I see the US and Europe as being in a prolonged period of declining society. Those with wealth will just hold it until death and those who inherit will not make it very productive to the country. The leaders of these countries are members those groups and they will not take actions that hurt themselves! Unless another type leader is elected the same stupidity garbage will continue