Monday, August 20, 2007

Four major events will occur by 2010 that could have a devastating effect on your wealth

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 (679 views)
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2 thoughts on “Four major events will occur by 2010 that could have a devastating effect on your wealth

  • sold 2 rent 1 says:

    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.

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  • nothing new but nice summary though if you skip their investment advices…

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