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

To: Seeker of Truth who wrote (25601)	11/24/2007 7:34:03 PM
From: Maurice Winn	Read Replies (4) \| Respond to of 217661

Keep in mind that news media focus on three standard deviations away from the norm. Normal things are not newsworthy. So, Enron = "corporate America in crisis" whereas a glance down the Dow listings showed that corporate America was not in crisis. "Desperate times for mortgagees - financial system in crisis" is true for some careless lenders and their counter parties, but a lot of people don't have mortgages, the grow corn, they produce CDMA cyberphones, they are not going broke. Which is not to say that things can't get very bad and head for WWIII type crises. That seems to be the nature of chimps and humans. Everything's sailing along nicely, then for no apparent reason the whole cage is in uproar, with fighting and chaos. Dumb males puff out their chests and are determined to show everyone who is boss. Gangs line up and fight to the death [all too many of them at times]. Given the GDP per capita growth going on all over the world, things seem to be doing very well indeed still, despite the glitch in debtor's ability to repay resulting in a lot of bankruptcies. They can go back to renting and stay living in the house, with just the owner changing hands. No big deal. Not good for them compared with how they thought they were, but they were indulging in wishful thinking rather than reality. It wasn't their house anyway. Economic efficiency goes up and fewer unnecessary houses are built and people live in the amount of house they can afford, rather than the amount of house that they wish they could afford or thought they could afford. The people building unnecessary houses can get more useful jobs helping with the 16% increase in exports due to the devalued US$. Mqurice