Very perceptive Anil...
Today oil is $53.00 a barrel =96 see
The national debt is 7.7 trillion dollars =96 see
Then of course, there is the giant housing bubble now in progress=96
Not to mention the collapse of the dollar =96 see
Mother Earth seems to be very big on earthquakes lately.
America appears to favor the conquest of yet more Middle Eastern
When all this comes together to produce a massive recession, or
should I say depression, the first things to go will be expensive
luxury items like jewelry. Then Wal-Mart will be king with low
priced wedding rings from China.
Building owners in midtown Manhattan appear to have a handle on
this. They are the harbinger of the future.
One could reason that there will always be a market for fine
jewelry. This is correct, but the number of buyers will be a
fraction of the halcyon days of yore, hence low rents are a
Here in Thailand where I live, all the jewelry stores in Bangkok's
Chinatown sell gold jewelry by weight. Is everyone on Orchid ready
I would like to have a more positive attitude about the future, but
there are all these sirens screaming in my ears.
Wishing Godspeed to us all,