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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 398.26+0.5%Jan 2 4:00 PM EST
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To: Tommaso who wrote (28016)6/5/2012 11:50:44 AM
From: Nevada99993 Recommendations   of 29622
 
<I am afraid that the 20-year period from 1980 to 2000 was such a huge economic boom period for the entire world that economists with Keynesian leanings (meaning 90% of them) concluded that more and more of the same would lead to better and better results, and that governmental management of world economies was possible and desirable.>

I think you have hit the nail on the head here, but the US was clearly the spear head of this boom. What was US national debt in 1980? I bet it was less than 1 trillion and probably 10 trillion by 2000, so we probably increased our national debt about 10 fold during perhaps the biggest boom in US history. For one thing, it's unlikely that this was not a huge contributing factor to the boom. Second, we are now waiting for a boom to come along that will allow us to reduce our debt. What is wrong with this picture? Everything.
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