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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Slagle who wrote (12507)	12/15/2006 2:32:21 AM
From: Maurice Winn	Respond to of 220024

Slag, I agree with much of what you say and if we judge me by my actions, I am heavily invested in USA techstocks because I have fairly good confidence in them and the overall situation. But, I have seen and learned of many ugly things and I have seen what a lot of people are like. So, given the gargantuan debt levels and experimental nature of life in the 21st century, I will not be surprised if it all goes belly up. I wish to escape such bad things if possible. Being mindful that it is a reasonable likelihood is a good way to be quickish off the mark if things do go bad. I disagree with TJ in that I don't see that it's a metaphysical certitude that "the inevitable will happen" as per his script. It is now going on a decade since I first started being concerned that maybe Alan Green$pan wasn't just talking nonsense when he said that it's difficult to tell whether stock markets are involved in irrational exuberance. He was quite right. It's still a problem to decide. Similarly, debts don't really matter if they can be repaid. It's difficult to say that the USA debts can't be repaid with a combination of growth, dilution of currency, some write offs, and outright payments as scheduled. I don't know the precise constellation of causal relationships which sent the world belly-up after the great crash of 1929. But such events are part of the MADness of mobs. Mobs are not noted for their intelligence. When things are going well, it's hard to imagine the carnage which shows up when things get angry = the IRA, Osama, Pol Pot, Mao, Stalin, Rwanda, Adolf, Adolf and co, not to mention vast bombing of North Vietnam, Japan's idea of economic development for east Asia before WWII and let's not forget the USA civil war, slavery and other fun and games in the good old USA. Mqurice