HAHA... Gammase, keep living in your dream world and let's just let time show what will happen.
We've had this discussion before so let's just leave it at that
PA still heading to 5820...
let's see...
It's about trying to remain objective, which is admittedly a difficult thing for us humans to achieve, and taking a look back over history, at all the times when capitalism was supposedly on its knees, how coming out of every one of the many recessions was extra difficult "because this time it's different"....
Who knows what the future holds for the global economy? Will we have a prolonged debt-deflation slump that lasts a decade or, perhaps, a bout of hyper-inflation, or will the true outcome be something in the middle, where the monetary base is expanded to fight the deflationary forces and ease the debt burden of the private and public sector, but, due to the overhang of this debt, the ensuing recovery is weak and the global economy is left living in a new-normal world of lower interest rates, stubbornly high unemployment and weak GDP growth in the highly indebted Anglo-saxon economies, with wealth and power continuing to flow to the emerging markets.
Obviously, nobody knows what will emerge from this crisis. Not Schiff, Roubini, Rogers, RT, you, me or any bullish economists or investors. There is simply no point in talking about such potential outcomes as certainties, as some sort of done deal, because no such thing exists in the real world.
I'm with ya, enjoying the show!