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To: koan who wrote (43911)7/4/2007 6:51:24 PM
From: roto  Read Replies (1) | Respond to of 78422
 
true; so few enjoying so much is about to have run it's course.

the simple explanation would be an intact infrastructure post WW2; the returning veterans having large families, spending the bucks from their accumulated 'War Bonds' savings (corresponding study of Sears 'WallMart' like growth & demise of Montgomery Wards). I think world attitudes were much in play as America was probably at the height of it's power politically.
in one of my early 60's Civic classes (yes- there was such a thing) it was mentioned that the 50's were the zenith of American dominance & as the post war world recovered, competing forces will be enabled (& a new unfortunate scenario came into being...American manufacturing arrogance, an example> Detroit, but this is just one aspect). Boeing (I retiree) on the other hand, through wisdom, luck, 'good will', governmental programs here & abroad, corruption(!!), also arrogance, has managed to incorporate vast influences in Washington & internationally.
another example was the comparisons of Brazil & the U.S. (Brazil, cheap land/ expensive money costs; U.S. expensive land/ cheap money costs). again, that was long ago and the world has morphed & twisted. again, this lends itself to the argument of American WW2 successes enjoyed afterwards.
..the above Detroit & Boeing examples (just very limited examples) is simple adaptability...failure & you be a footnote in economic history or success & you stay competitive. in today's world, the question begs> what does America do well & how is it marketable to the increasingly competitive domestic & foreign markets? now, that to me is serious stuff as I cannot answer it. I think the ultimate washout will be advent of international corporations dominance, with all the established political intricacies to be able to adapt to any world condition, any world market, in as fast a time as possible, with any kind of investment deemed in accord.

1 good thing though; I do see is our colleges & university programs still the best (it is not just my opinion...this was expressed to me a few times overseas).

I'll through a curve at you. if Clinton's terms were so disastrous by republican standards, why was the national debt projected (by both parties) to be paid in full by 2012? what effect would this reduced monetary liquidity have on the world markets today? would we be invested in the metals or even having a pleasant economic discourse this 4th of July?




To: koan who wrote (43911)7/7/2007 6:49:45 PM
From: siempre33  Read Replies (1) | Respond to of 78422
 
mucho liquidity in the system....correcto!...
one of the results will be accelerating inflation, another the appearance of prosperity, with higher stock market numbers....

the latest Pescod [excerpt]...
"Jeffrey Rubin is the chief economist and
strategist at CIBC. He earned our respect almost two decades ago
when he suggested that interests rates were going up and because
of that so will mortgage rates, and that house prices in Toronto will
drop by 25%. Needless to say, that’s not the kind of thing people
want to hear and he was pillared in the press. He was also right.
Anyone who says that kind of stuff earns your respect.
So it’s interesting to see him being featured in the Globe and
Mail on July 5th, suggesting the stock market rally will resume in
earnest in the second half of this year, fueled by continued
strength in the global energy and commodity sectors. Interesting
to know that according to the article, Ruben has boosted his 2007
target on the S&P/TSX Composite in next year to 15,000 points
from 14,250 and they are keeping the energy sector at a rate of
31.4% higher than the benchmark index."

edit:
of course in the 1920's, first the German stock market, and later the US stock market enjoyed previously unsurpassed prosperity....what followed in both cases was the worst stock market crash in history for each....