Monday, Aug 20, 2007
Four major events will occur by 2010 that could have a devastating effect on your wealth
Moneyweek: BRITAIN: 2010
Entertaining article about the demise of the economy - not sure how factual any of this is given that they are trying to sell their advice but entertaining nonetheless!
Posted by jeremy @ 10:57 AM (319 views) Add Comment
2 Comments
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1. sold 2 rent 1 said...
The main arguments are that we are returning to the 1970's of high inflation, high oil prices and HPC.
Whilst the article takes Fred Harrsion's 18 year business/HPC cycle on board, it fails to look at 200+ years of stocks and debt data.
Immigration and offshoring will ensure that there is no wage-price spiral that is needed for a 1970s repeat.
The extreme debt levels being held will ensure higher prices are met with debt default and ultimately a deflationary depression.
In summary, my view is the outcome will be more dire than this.
2. Pmaupoil said...
nothing new but nice summary though if you skip their investment advices...