Snapshot Summary :
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. If by debt, businesses are leveraged, like a runner on steroid,
. It will be able to go further.
. However, when that debt becomes burdensome,
. And repayment heavier & heavier as revenue drops.
. Economic growth will slow and economy reduced.
. Lesser demands for services & goods.
. Today's economic growth is induced by debt.
. Squeezing that last once out of consumer to borrow.
. No real demand but impulse consumerism
. Do you need to change phone every 6 months ?
. The day sensibility returns, economy will shrink.
. Double dip maybe not.
. But the developed countries disposable income is at extreme low
. Growth will slow for sure
This blog is a journal of charts on ASX stocks in various point in time. You might find charts on Major forex pairs,Nasdaq and SGX stocks as well.It reflects the author personal view. Its neither advisory or invitation to trade. All done in the interest and passion for the market, trading, technical analysis and elliot wave. And to exchange view, opinions with traders worldwide. .
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