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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: benwood who wrote (96512)	8/21/2008 4:47:05 PM
From: GST	Respond to of 110194

We have been blessed for 20 years with "deflationary forces" that kept prices from rising even faster. The most important of these forces are now winding down -- we are at the end of era of cheap oil, cheap credit and cheap foreign labor. The common denominator for us is the implosion of the dollar and our inability to curb our foolish appetite for debt and oil. For the world as a whole it is the addition of hundreds and hundreds and hundreds and hundreds (and so on) of millions of new urban producers, savers and consumers -- with a remarkable percentage of them aspiring to higher and higher levels of education. The future key to success in the global economy is brains -- we are not even using the ones we have when we buy our houses and cars, not to mention when we go to the polls. Nor are we doing much to ensure that we develop new and better brains as replacements. Politically, the last 8 years have shown a brainlessness that even by our standards is something to behold. Remember when 'dear leader' and his gang were first elected? (ok, you could say that most of his gang were not elected but they did rise to power under his administration). The big issue back when dear leader was first elected was what to do with all those trillions of surplus dollars flowing onto the books of the federal government. Well we sure made that "problem" go away in a hurray. And now we are going to see the value of the dollar soar as this feeble house of cards implodes? We should all feel like hurling chunks every time somebody trots out that line.