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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?


To: zman69 who wrote (8820)8/28/2012 5:41:21 PM
From: llap  Respond to of 40097
 
The pessimism bubble is blowing up more and more: nber.org, amazon.com
There seems to be a growing consensus among economists that growth is done for good (at least for decades to come). Once this has become THE consensus, we will enter another period of strong growth for a whole generation. While I believe the worst is over with the Great Recession passed, I do not think we are there yet. We will be there once the incomes across the whole income spectrum start to grow again, not only for the top 5% as currently. It may take a few more years for this to happen.