On 16 July 2010 14:47, Vivian A. DSouza <[email protected]> wrote:
> I believe that all of Europe is in trouble or heading for economic troubles > with > their extensive social welfare programs and pension burden, and a > demographic > structure weighted towards the elderly. Japan is in a similar situation. > As > the percentage of the elderly in the total population continues to grow,the > burden falls on a declining population of working age adults. The solution > to > the problem as the Greeks are finding out is very unpalatable. So PIGS, > PIIGS > and more............. > RESPONSE: I am not a forecaster; I can see mucho problemo for the whole World. Why? I can see USA going in a downward spin and taking the rest of us with it. The Euro has already recovered the ground it lost since the PIIGS was first mooted. The Fed Reserve declared just yesterday, that the economic recovery in the USA might take 5 - 6 years maybe a decade - result today's down turn in the Dow Jones and other USA stock indices - Europe was well up during the day but had to follow the USA and go down. There are no tell tale signs, just gyrations, one day up and another down - the down days seem to be more pronounced than the up ones - so beware and remember, I told it to you first! -- DEV BOREM KORUM Gabe Menezes.
