The existing credit crisis is out of control. The numbers are so large, no one any longer comprehends them, including the latest spate of Washington debutants...so, do what we do...throw bad money after a bad situation, setting the stage for a debased dollar and rampant inflation.
There is no new economic product on the horizon, and the last one, the computer, no longer turns over rapidly, which means, the semiconductor business is headed the same way as the N.A. auto industry.
Other industries have been transferred offshore, leaving the NA economy to be driven by the sport franchises and their Sunday football spectacular, Pro-line, and of course, the lottery.
Come to think of it, perhaps there is a glimmer, at least for the cheezy and beer makers and team logo shirt sellers in this new economy! :-) |
