Reply #49: so when do you anticipate this happening? [View All]

[imenja]

Do you have a time frame? Did you previous post say three or six months? There really is no need to be so defensive. I asked if you had some analysis to offer on the subject. I realize that's a novel concept for many here. Most prefer glib comments to actual thoughtful analysis, but you were generous enough as to provide some, and I do appreciate it.

I still am wondering how this particular juncture in the economy is radically different from say, one or two years ago. Why do you see the collapse as imminent now?

There are some possible positive aspects of the rise in oil prices and the decline of car purchases. If we take action to gear our economy toward more modern, fuel efficient technologies as the Europeans are doing, we might experience growth in the long term, even if we suffer shock in the short run. Such changes, however, require a change in presidential and legislative leadership.