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To: oldirtybastard who wrote (178289)7/9/2002 9:28:45 AM
From: orkrious  Read Replies (3) | Respond to of 436258
 
the parallels between now and the late twenties/early thirties are really amazing. over on real money and RMpro, everyone is talking about scaling into stocks. they know they'll be early, but they think that they'll be right. they think this is just like the last fifty years, where it paid to by every dip.

it is truly amazing that the mainstream press hasn't picked up on what the Austrian economists are saying. Americans have a superiority complex, and think that major economic troubles can't happen here. they think that the thirties can't happen again because of gov't support (lol). they say we are different than japan. they don't realize that in many way we are worse.

I really is amazing how closed minded our society is.