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Strategies & Market Trends : The coming US dollar crisis

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To: benwood who wrote (19937)4/23/2009 7:24:29 PM
From: ggersh  Read Replies (3) of 71454
 
"Roubini calls for a U-shaped recovery, with his talk of positive 2nd derivatives in many things worth tracking, e.g. layoffs"

Either he's on drugs, getting paid off, or watching Kudlow to much.

" I think in a few years, it will be widely understood why we had an L-shaped recession."

I think we know it now. Bad policy and the failure to let failure happen.

" Those who think the Pummeled Generation (Baby Boomers who went Boom) will be consuming like there's no tomorrow are on drugs. That version of Tomorrow is in the rear view mirror for an entire generation."

Person after person that I talk to are hurting. The American dream is long gone, unless we get back to the basics. As much as computers have helped society in certain aspects, they are not the cure for everything. i.e. you tell computers what to do and they come up w/answers that you tell them to. IMO and I could be very wrong on that last point.

BTW, I appreciate Max and his posts, although we got off to a rocky start. <G>
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