Comments on Alan Kohler “Going for broke”, 30/10/2009, http://www.businessspectator.com.au/bs.nsf/Article/GDP-US-economy-government-debt-pd20091030-XARNZ?OpenDocument&src=sph
Alan, while I partly agree with you that "the worst is over and this is not a secular bear market", I think the world stock markets is very likely to be decoupled as the real world economies do.
By that I mean the US market is likely to be in an extended period of stagnation while some other markets most notably those in Asia, are likely to be showing a strong upward trend.
Australia's stock market may ride the booming trains in Asia.
Europe may be somewhere in between the US and Asia's.
Part of the reason why the US market will be stagnant is the adjustments that the US economy has to have over the next decade or longer, including its government debts and private savings.
As you said, the US government is broke! It needs life transfusion.
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