Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Snowshoe who wrote (70489)	9/26/2008 11:14:09 AM
From: Maurice Winn	1 Recommendation Read Replies (1) of 74559

Are they arriving for the lack of government or the government handout and lack of taxation? Judging by the popularity of Sarah Palin, there must be quite a culture of self-reliance in Alaska. Since getting lost in snow on a skiddoo is fatal, the importance of self-reliance is no doubt deeply ingrained. Money is quite a pheromone to humans so it's not surprising the government loot attracts quite a following. It will be spent and those in position to receive the windfall will be near the well-head. Sometimes, such as with Saudis, they spend the money distant from home [in the flesh pots of London and on Louis Vuitton in New York, or aircraft manufacturers in the USA] but quite a lot is spent in Dubai and on local grandiosity. Meanwhile, goodbye Washington Mutual shareholders. This is in a serious bust phase now with actual fear in the air. Everyone should calm down because we have nothing to fear but fear itself. Hmmm, that has a nice ring to it. I should patent it. Mqurice

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