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We’re in a great global depression, and it’s only the beginning. Many countries are about to default (Greece, Italy, Portugal, Spain, Ireland, Japan, US, Englan

We’re in a great global depression, and it’s only the beginning. Many countries are about to default (Greece, Italy, Portugal, Spain, Ireland, Japan, US, England, etc), and there are overcapacity/overprinting everywhere. The baby boomer generation, which constitutes the bulk of consumer segment, is retiring. Automation/computers are reducing jobs permanently. My point? Build your business to be lean, and get ready for 15+ years of rough waters ahead.

evgen 16y ago
Many countries are about to default (Greece, Italy, Portugal, Spain, Ireland, Japan, US, England, etc), and there are overcapacity/overprinting everywhere. Unlikely. There will be financial instability as these countries are forced to accept some fiscal responsibility, but the weak Euro zone countries will be painfully/grudgingly propped up by Germany et al. while the US is starting to slowly grow its way out of a lot of problems. Debt is a problem that will obviously need to be addressed, but anyone who makes a big bet on wide-scale currency defaults is going to lose their shirt. The baby boomer generation, which constitutes the bulk of consumer segment, is retiring. You mean they are now leaving jobs and becoming full-time consumers? Oh horror! Those jobs they are leaving will need replacement workers, and the aging boomers will require new services (services which can't easily be outsourced) from the remaining employment pool. The boomer retirement wave may end up being a major win for the US economy in the next decade or two. Automation/computers are reducing jobs permanently. And creating completely new jobs and services. Large-scale manufacturing has been dead in this country for more than a generation and no one is placing a big bet on it returning. If automation gets better it is a threat for low-cost manufacturing and ends up being a net win for the US.

evgen 16y ago

Many countries are about to default (Greece, Italy, Portugal, Spain, Ireland, Japan, US, England, etc), and there are overcapacity/overprinting everywhere. Unlikely. There will be financial instability as these countries are forced to accept some fiscal responsibility, but the weak Euro zone countries will be painfully/grudgingly propped up by Germany et al. while the US is starting to slowly grow its way out of a lot of problems. Debt is a problem that will obviously need to be addressed, but anyone who makes a big bet on wide-scale currency defaults is going to lose their shirt. The baby boomer generation, which constitutes the bulk of consumer segment, is retiring. You mean they are now leaving jobs and becoming full-time consumers? Oh horror! Those jobs they are leaving will need replacement workers, and the aging boomers will require new services (services which can't easily be outsourced) from the remaining employment pool. The boomer retirement wave may end up being a major win for the US economy in the next decade or two. Automation/computers are reducing jobs permanently. And creating completely new jobs and services. Large-scale manufacturing has been dead in this country for more than a generation and no one is placing a big bet on it returning. If automation gets better it is a threat for low-cost manufacturing and ends up being a net win for the US.