[quote=Rich Toscano]I don’t put a timeframe on it because it’s impossible to put a timeframe on it. The reason it’s impossible to put a timeframe on it is that it comes down to psychology: when will the herd change direction and lose confidence? I just don’t think such things can be timed. They happen when they happen. i don’t agree with your premise (as I read it) that if you can’t put a timeframe on something it’s not worth talking about. It’s worth knowing something is likely to happen so that you can prepare for it, even if you don’t know exactly when it might happen.[/quote]
No doubt, psychology plays a HUGE role. But, really it’s just psychology catching up to the rotten underlying real fundamentals that dictate that sufficient growth is not going to materialize to wipe the debt problems away. I suppose it could go for more than a decade but I doubt it. I think peak oil dynamics will push it along in less than a decade.
