Quote:
Originally Posted by Bronko
I just want to be clear. You are now listening to and quoting some of the same guys who never saw this coming, and if they did see it coming, failed to inform each and every one of their clients of the impending doom correct?
Because now in hindsight for the casual market observer, the DATA was clear as day for those in the business.
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No, this analysis is from the highest level economists who did see this coming and warned about it. These are not the fund manager.sMy firm was not involved in the mortgage/credit issues. This analysis is for what we (the company) should invest in. Since we are a global investment company, we are looking for opportunites anywhere. All the opportunites noted are exteral to the US. China, emerging markets. That is where the growth will be.
To be clear I am not saying we become a third world country. I am saying opportunites will be much different for us. The standard of living many have been accustomed to, will be lower. Think of wall street alone - those firms payed bonuses every year whihc are over the average US employees salary. And thats not just for the top execs. Those days are over. Think of the massive impact that has! How much less "extra" money will people be spending? I remember I commented on a tread years back on why there were so many luxury car commercials in december/january. Its beccasue firms are paying out big bonuses, we're not talkking a ham and a $50 check. 50,60,70, - 1Million plus are the bonues financial firms pay........