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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: anachronist who wrote (52977)2/7/2006 4:24:52 PM
From: GST  Read Replies (2) of 110194
 
My views reflect the direction in which we are going. Of course there are skilled Americans. But the presumption that people outside the US cannot do better economically than we can especially in the mid to longer term is silly in the extreme -- that is what I am challenging. We CAN compete -- but we cannot assume it is the pre-destined order of the universe that our incomes will always exceed those of others -- far from it. There are smart, talented, motivated, hard working people all over the world -- its a fact. If we cannot be as good or better, then we will earn less. And that is starting to look like it will come to pass because we are so busy ruining our own prospects for future wealth and prosperity.
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