by Micki » Thu 21 Feb 2008, 15:44:06
$this->bbcode_second_pass_quote('', 'I') havent ever lived within non-western culture, if the peakoil wouldnt be upon us, I would like to live a few years in Asia
It ain't over til it's over. Give it a go, just make sure you have your exit strategy if things really fall apart quickly.
In late 05 I started thinking that economical downturn would hit before major impact of PO and that US would go down. My thinking was that this would lead to a drop in demand allowing supply to easily meet globally lower demand.
Consumption would however move from USA to EU and Asia, thus allowing them to continue the consumer party a bit longer.
I've yet to see if it all works out but the thinking is quite in line with Peter Schiffs theories as well.
If this works out, Asia might be the place to be for another few years.