The Good News... your worst fears are likely. The Bad News... it's likely going to be worse and longer lasting than your worst fears. However, most of the price damage should be done by 2011.
I think you are just starting to grasp the sheer enormity of this mess. Next, try adding up the current plus likely deficits for the next few years and ask yourself where is the money coming from. If your answer is 'the printing press' try to grasp that as well. regards f9
Everything will always lead back to two possible outcomes- massive debt default massive debt forgiveness all the ills of the world are on paper imbalances, if the paper gets burned, the houses still stand, the cars still drive and the food still grows. People still breathe in and out.
Absolutely right, but.................either outcome requires a revolution in the way we do banking. I have a thread about this topic. http://www.elitetrader.com/vb/showthread.php?threadid=152874
I guess just sit back and enjoy the show. <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/aLFliTyydSs&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/aLFliTyydSs&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>