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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (92461)	10/20/2007 2:46:25 PM
From: Archie Meeties	Read Replies (3) \| Respond to of 306849

Try to take a big picture. There are still over a billion people in the world who live in deep poverty and who are being lifted out of poverty through the spread of capatalism, a strong work ethic, and the transition from agriculture to industrial society. Raising the per capita income level of Chindia even a small fraction will result in enormous economic growth for established economies, including the US. Post industrial societies, such as Europe and the US will continue to export innovation and technology to feed the industrialization of the second world. Internal problems, such as a derivative crisis, housing slowdown, will result is periods of deceleration, but not sustained contraction. Gone are the days when a mild slowing in the US economy has global consequences, and we're the better for it. We are in a global inflation/growth cycle, and the only thing that could derail it is a crisis of global proportions (ww3,pandemic, etc). A few collapsed banks in the US isn't going to stop things, just flush out those stuck with dysfunctional investment thesis and transfer wealth to banks more aligned with current investment conditions. Destruction leads to creation in viable economies.