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

To: Ilaine who wrote (32687)	4/9/2008 10:17:56 AM
From: Rolla Coasta	Respond to of 219927

CB, over-confidence and the feeling of superiority are the main reasons that kill the Japanese and probably American economies. If you look back in the 80's when the Japanese felt they were running a perfect economic model and suggested Americans to follow them, the over-confidence in people's minds provided a stage for a bubble economy soon to get swollen big enough to an unsustainable level. Same thing happened to American economy when people thought that superiority of technology was behind the boom. Soon after, people realized they spent their way into debt. Crisis after crisis and soon hyperinflation will soon hit the main street. Feeling superior is good, but it could be at high cost. German and Japanese have learned this lesson very well. Rolla