People like Peter Schiff and Marc Faber predict that the market will drop again to be worth one ounce of gold.
It'd take a brave man to bet against that prediction.
Here's another scary chart showing US debt vs income levels since 1970.
Can someone please explain to me how the 'stimulus' plan addresses the underlying structural issues in the US economy?
Without fixing these issues how will any country be it the US, Australia or any in Europe get their economies back on track?
I suspect that once things have bottomed out, which will not happen for 12-18 months, many economies will resemble Japan's with slow, slow growth.
And if you seppos think that your stimulus package stinks then you might wonder why the Australian government, overseer of what has been described over recent years as the soundest economy in the world, is spending 6.5% of GDP on its stimulus package vs the US figure of 5.8%...