Thursday, June 14, 2007
Secular cycles are recognised
Good graph showing the k-summer and k-autumn in the western economies
The UK and US et al are entering a k-winter China and India et al are entering a k-summer.
Both are tough times. This will be very tough for us as the China effect will not allow our rates to go down soon enough to prevent a depression. The USD and GBP are totally doomed. Germany may make the EUR crash les painful. Really depressing stuff.