Dear all, kindly pick the experts (on economics) according to your liking:
- Peter Shiff
- Jim Rogers
- Marc Faber
- Gerald Celente
- Webster Tarpley
- Bob Chapman
- Lindsey Williams
- Max Keiser
- Robert Prechter
- Harry S. Dent
- A. Gary Shilling
- Andy Xie
- George Soros
And also pick your shape of the recovery of world economy (not stock market) in 2009
- V
- U
- W
- L
- \
- ?
Who it the biggest culprit?
- Derivatives (USD600 trillion)
- US debt (USD60 trillion)
- Credit bubble - student loan, sub prime mortage, hedge funds, etf, credit default swap, cdo, mortgage debt securities, etc
What inflation cannot dissapear?
- currency inflation?
- credit inflation?
The answer is currency inflation.
MyTake on world economy (especially US)
- deflationary depression (2-3 years)
- may follow by hyper inflation (after deflationary depression in full swing, buy commodities)
- V shape recovery (highly unlikely, but a slow recovery)
Reasons for the above CREDIT deflation. It is simply too hugh (including derivatives), period.
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