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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Seeker of Truth who wrote (46126)2/14/2004 9:33:43 AM
From: Mary Cluney  Read Replies (1) of 74559
 
Malcolm,

<<<it looks like history will take a few years rest from progress as the world copes with the coming collapse of the US borrow now, charge it to the rest of the world economy. I'm a wistful optimist. Determined to see reality as it is, not as we hope. >>>

We are a country founded by people who were suspicious of government. They went to great length to put in a lot of checks and balances.

Ideally a benevolent dictatorhship would be the most efficient form of government, but we all know the downside to that.

The United States is a very large country with a diverse population. We are right now divided 5 to 4 on many important issues. So long as we can maintain our basic freedoms provided by our written consititution (as opposed to the British and maybe some other advanced societies without a written constitution), IMO the truth will win out allthough not always without some pain.

The underlying economy in the US is fairly strong with quite of bit of margin for error (even gross error). It can go from a very large surplus to a large deficit seemingly overnight. I think it can right itself just as quickly. Of course, all this is not without peril.

Given our human nature, things can only be perfect at the end of history - when there is no more conflict.

There is no proof that civilization on this planet will prevail. If we do prevail, it will be by the skin of our teeth.

But, if you do any planning, you have to plan as if we will prevail.

Mary
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