Mental health institutions should be the go - once the s.h.t.f. across all asset classes.
Europe is playing the clown, China wants to have a rest from all that groovy boom-like development, Japan is in a coma, India is tanking as are Brazil and Russia (who said the BRICs would decouple - it is more like the US may decouple from the rest of the world if they can achieve energy independence), international trade is stuttering, trade and currency wars are on the horizon.
Australia - a big short - ASX heading towards 3000-3500 level as commodity prices fall further and real estate and retail fall off some more. The only positive will be lower interest rates and a lower AUD which may help what is left of our manufacturing sector and exporters generally. Look towards raising unemployment and bigger govt deficits by states and federal govts - money will be "well spent" on consumption (ie various welfare payments and payments to special interest groups) and pyramid building (sorry ie NBN, to supply improved internet porno distribution services) as the main govt responses.
A lot more of OZfarm/mine/RE will be sold off to China etc during this period in order attempt to prolong the party a little bit longer, and this will enable the baby boomer generation to exit this world in relative style over the coming 20-30 years while leaving their progeny as tenants in future shantytowns.
loki (just speculating on the future after a wasted 2011)
