I think Dr. Phil Gramm reads this board, and recommended my post.
You've heard of mental depression; this is a mental recession," he said, noting that growth has held up at about 1 percent despite all the publicity over losing jobs to India, China, illegal immigration, housing and credit problems and record oil prices. "We may have a recession; we haven't had one yet."
"We have sort of become a nation of whiners," he said. "You just hear this constant whining, complaining about a loss of competitiveness, America in decline" despite a major export boom that is the primary reason that growth continues in the economy, he said."
Are we a board of whiners and wussy's? Always think the end of the world as we know it is coming to an end? America gonna die? What the F is going down here?
A DOW 5th wave ED of the sort proposed (you read it first here) is just the sort of structure and process that fits the situation we have. Euphoria, depression, euphoria, depression, euphoria .... the end. Like a glove (not OJ's glove though).
Personally I think Dr. Gramm has a point .... never had it better in my life than now .... except for my aching back. Age I guess. Plus I wish the salmon fishing had been better this year. Oh well.
huffingtonpost.com
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