it is interesting two technical traders speaking about fundamentals...
well yes... I see your point...
but I don't think we are going to solve this bubble with another bubble of credits.. bailouts and more debt... this is getting like a black hole..... the bigger the black hole is. the more powerful is and more shit attracts... and nothing can escape from a black hole...
all will come with delay... but will come...
I agree... and when countries and people go into debt, that is usuallay/ normally because they expect the "future" to be "greater/bigger" (or "much greater/bigger" depending on how much is being borrowed) than the "present"... Given US levels of debt, is there any reason to believe that the future will be "much greater/bigger than" than its current level of astronomical debt?..... Given current global challenges being faced with resources, demographics, environment, economic, I DON'T THINK SO....
That makes two of us.
I can't help finding somewhat amusing reading all the time how unemployment hits historic highs in other places like 6% or 8% or something like that, and how's that unheard of, while here in Spain we DOBLE that on a regular basis.
Oh well, we have paella, toros, sangria, fiesta and siesta. Who needs a job or a decent salary for that matter?
Sorry for the rant.
take it easy...
i still will be worse
we may meet and have a coffee some day and study which country is better.
Yeah, when we're both unemployed there will be plenty of time for coffee.
Let me join you for that coffee - I live in the country that is fast becoming a basket case.
