Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Seeker of Truth who wrote (54216)	10/13/2004 8:59:51 PM
From: Elroy Jetson	Respond to of 74559

I think that's the basic problem. America no longer has a culture other than that driven by advertising. Most people my age can sing the song played in the "General Electric Carousel of Progress" which was once a major feature of Disneyland. GE now owns NBC and Shill-o-vision CNBC urging people to incinerate their savings in an over-priced stock market or on crap-from-China at the Walmart. Since the market was so dead, only a month ago CNBC ran a series of ludicrous programming including: "What sort of new car does your $200,000 buy you"; "How much home can you buy with $1 million" in various US cities; "Why every family in America will buy a Hi-Def Big Screen television in the next two years". The GE Carousel of Progress has become America's value system and culture, leaving Americans with very little impulse control and the debts to prove it.

To: Seeker of Truth who wrote (54216)	10/14/2004 12:58:32 AM
From: energyplay	Read Replies (2) \| Respond to of 74559

How do you propose to keep idiots from their folly ?

To: Seeker of Truth who wrote (54216)	10/14/2004 2:01:50 AM
From: Taikun	Read Replies (2) \| Respond to of 74559

<It's not an idiot's fault that today means so much more than tomorrow.> You are so right, Malcolm. The leaders of this country and other countries thrive on American consumption. I cannot understand why Greenspan accepted another term. Does he think he will survive this mess? If American's are addicted to cheap credit, he's not a small-time dealer but the biggest pusher in the country. If it were crack he'd have no compunction about selling to elementary school kids. I predict the lynch mobs will get to him before he finishes his term I also see the FCC under Micheal Powell (Colin's brother) is pushing American's to buy Digital TVs. So now the gov't is selling these overpriced boxes that few can afford. The problem is, there are a lot of countries selling to the US (China, Japan) that live off the avails of cheap credit to US consumers and they cannot continue (so far) with impunity. For lack of wanting to stimulate their own consumer they too will pay the price when the consumer finally checks in to rehab. Between predatory lending and 0%APR on a new Japanese car they're all guilty. Americans will rediscover saving eventually.