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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 378.38+2.7%Nov 10 4:00 PM EST
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To: dvdw© who wrote (29519)2/15/2008 2:36:08 PM
From: elmatador  Read Replies (1) of 217661
 
I don't deny the past. Past set of circumstances are gone. There are some other forces in play:

Can't tax more. See extension of CPMF not approved.

Demographic window points to less costs to government as more productive people are working (less children and -for a while- less old people.)

Under this set of circumstances, even lousy government can do well. See Europe, US, Canada, Japan between 1946 and 1973.

It is the productive people of those countries above -under a particular set of cirsumetances- that changed those economies. Not the wise government policy.

Of course everyone praise Konrad Adenauer and Japanese miracle etc etc... But right now that set of circumstances gone they slowly wither away undert the weight of higher % of older population.
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