drsteph...
I agree. However, it is interesting that we are going down the very road that brought on WW2.
Also, we have had about the same pattern in the markets as we did in the 1930s. Both stock and housing.
Yet, back then we had a strong manufacturing base, this time, we only have broke ass consumers who make up 70% GDP.
I deal with Global Private Companies. I consultant and put together Investment Pools for Infrastructure, Shipping, hard assets.
Most American's have no idea that we are in this alone. This Depression will slow the rest of the world down a little, but the idea that we will drag the world down with us is, in academic terms..Horseshit! Not true.
My clients in South East Asia, Brazil, South America in General are all very strong in sales. Many economic studies that we put together show the rest of the world preparing for the economic decline of the US. Thus, they have re-positioned their targets for goods and services.
I have moved a number of Private Manufactures off shore. Vietnam, New Guinea, Indonesia are the three main areas where US manufacturing have been building a presence. CHINA is not the main target for Manufactures who are leaving the US.
American's are sleeping and they believe the propaganda machine that is the Media and Wall Street. Both are building premises on lies and deception. The smart money left a long time ago.
The only influx of Capital I have dealt with, from foreign investments, we rolled into Oil drilling projects, Wind Projects and key infrastructure projects.
America is for sale at bargain prices and if there is any one on ET that is in my world of Private Equity, will back that statement up.
SWF's are looking to purchase more land, natural resources in the US and they are looking to buy more "Key Infrastructure".
Bottom line, America is finished. The people have spoken and HOPE AND CHANGE was brought forth. Now, it will fall on individual STATES and how those STATES attract business, investments and skilled workers.
The US may stay whole and not break apart but, less than 14 states will be in an economic boom while the others fall into deep depression.