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

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To: UncleBigs who wrote (61721)5/23/2006 10:24:46 AM
From: stockfiend  Read Replies (1) of 110194
 
I don't think you're giving the US economy enough credit. Sure the Fed's been propping it up for the last 5 years, and a cleansing recession is long overdue, but the economy existed before the housing bubble and it'll recover after. As negative as I am on the Fed and the dollar, I still believe the US economy is the most creative and dynamic in the world. Every few years a new chapter is written about how this trend or that country will be our undoing. I don't buy it. Whoever has bet against this country's long-term prosperity has been wrong, for over 200 years and running.
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