LOL, stock bull. Your post was taken as intended.
You're right. There is a lot of doom and gloom on this thread. The question is whether it is appropriate to world events, or if we're being too pessimistic. While it may sound trite, it seems to me that the advice to "prepare for the worst and hope for the best" may be worth heeding.
There is no question that the world situation, economic and political, is more dangerous now than it has been for several years, maybe as much as 15 years. Our economy is overwhelmingly the strongest in the world, which makes us an object of envy and a great target. At the same time, our military is the weakest it has been since the Carter years but with more worldwide committments than ever. To cap things off, we are in the midst of a leadership crisis with our government, which weakens any facade of strength we may wish to present beyond our own borders.
So, maybe I'm pessimistic, or maybe I'm realistic. We won't know for a few years until we see what transpires.
Save me some space in your bomb shelter,
jim
ps-- RE: devaluing the yuan. Some Chinese honcho, the Minister of Finance, I think, recently commented that "nothing is forever, and we will continue to evaluate the need to devalue our currency." Or words to that effect. Not saying they WERE going to devalue, but keeping the option open. |
