What is the catalyst that will propell the world into its pre-2007 economic growth conditions]
Umm. well,....thinking,...??....
Thus western nations are going to have to get off their backsides, start saving, permanently reduce consumer expenditure as a % of GDP to more realistic levels of around 60% (from current 70% odd). This will involve huge structural changes in the economy which will take several years to work themselves out.
Yes, yes, that's what i was going to say. That's why we are in the crapper. Western nations produced not enough and spent too much and it was all 'booked up'.
So are you bullish or bearish then?
You must be bearish?
See ya's.