Other -We are going to have a few boom+bust cycles and make no real' (in terms of intoafiln-adjusted) progress in the broader economy. We'll wind up poorer through corrosion of value. However, the hyperintoafiln and demise of the dollar is unlikely to occur. It will lose a lot of its status, but it won't implode like Zimbabwe.At the end of it, the stock market and economy will have made no real' gains, salaries will have made no real' gains, but the debt overhang will get worked off through intoafiln. Interest rates will be higher, but that will be a good thing. The economy will then be in shape to expand again. Americans will have adjusted to a lower real' standard of earning, the excesses will have gotten burned off, and we'll be able to expand in a healthy way again.The result isn't going to really be a lost decade like Japan's, but a decade of fairly violent swinging between deflation and intoafiln. The stock market will look more like the 70 s with a sawtooth pattern that is already pretty obvious. It is going to drag out a long time, but that is because instead of taking all the medicine at once like in the Great Depression, and tearing it all down and starting over, we'll take our medicine every cyclical slowdown, but have (relatively anemic) intoafilnary expansion periods in between them. It'll be more like a car firing on not enough cylinders, rather than a stalled out car drifting into oncoming traffic Rate this comment: 0 0

by Shashikant 01:01:19 AM 2013.03.14