Quote:
Originally Posted by $5 submissions
Clinton-era levels or close to it. US financial markets are still the most developed in the world. That's indisputable. However, this advantage may not last long as global finance markets continue to consolidate. Regardless, when the US economy snaps out of its current financial crisis, I see it improving. However, there's a limit to this.... there's still the impending crisis of SOCIAL SECURITY and other mammoth government entitlement programs that have to be dealt with as the Baby Boomers retire later in this decade and the following years.
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yes, they are most devolped, but at the end noone want to take their most advanced products now and there are still frozen markets for all these "LEVEL 3 Assets"