re: monday bloodbath on asx
domum.....since the collapse of the Bretton Woods system the world has seen alot of bubbles due to useless credit which have gone bust very bad.
This will be no exception. USA won't be able to rewrite hundreds of years of economic theory. A crash and recession will come and it'll be a bad one. My prediction is October this year. So hopefully the market has one more go at it. Perhaps ASX to 5500 by then and reach the target.
Too much credit, too much debt, too much leverage. too little real production. Just money moving around trying to fing high returns. It's not real economic growth. Too unstable.
