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1100 will never be seen again in our lifetime

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#41 salsabob



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Posted 23 August 2010 - 11:33 AM

BTW, Roger... I believe US will grow out of its debt problems, however the standard of living for the next generations will be lower and lower... The debt will never be paid back per se, only the income levels will bounce with inflation, but people will learn to consume less for the same cost eventually.

Just like very very few people in the '80s and '90s could believe what would be happening now, very very few people now can grasp what will be happening in the 2020s. The markets then will look like the bulls of 1950s in a low inflationary environment. Income levels, standard of living will be increasing at astonishing rates; no one will be thinking about deficits.

The greatest buy-and-hold EVER will occur some time between 2016 and 2020. Given what has happened and what will happen before that time interval, however, few will be able to, and even fewer will want to, participate until well into the 2020s - but even the late-to-the-party will still do fine. If you want to be one of the very few in the late 20-teens, trade very safe now, keep a lot of powder dry for at least the next 6 years (remember 'shorts, you need a financial system to actually get paid :swoon: ), and when the time comes have the fortitude to click your heels together like Dorothy on steroids and believe once again. ;)
John Galt shrugged, outsourced to Red China and opened a hedge fund for unregulated securitized credit derivatives.

If the world didn't suck, wouldn't we all just fly off?

#42 thespookyone



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Posted 23 August 2010 - 11:49 AM

ARB-My voodoo wave work indcates 20. Pisces seems to have explained it well.

#43 Dex



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Posted 23 August 2010 - 12:41 PM

Give this a read.

Well I know what may happen ultimately, but I am just saying there is one more generational cycle to go UP after this one bottoms in a few years...

I can see that happening.
"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "