Too early to really tell, but we shulod know more by the middle of next year. Even the Great Depression took a couple of years to really sink in. The Oct. 29th drop was only a prelude to the long downward trend.The unusually high levels of personal and .gov debt and how they will resolve are the great unknowns in the current situation. We'll just have to sit back and see what the .gov comes up with as a strategy. My best guess is we wobble along on the tracks for a year or so before the next phase hits, and it may well be a more widespread collapse. None of the attempts to stabilize put forth so far are really curative- they delay, but don't resolve the underlying issues. Rate this comment: 0 0

by Tim 12:35:48 AM 2012.12.09