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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 (98558)	10/8/2008 10:43:24 PM
From: TH	1 Recommendation Respond to of 110194

ben, <g> I'm reading this now. And it blows me away. The Limits of Power: The End of American Exceptionalism amazon.com I think debt matters. We talk about the upside to $140 oil being a focus on innovation to solve the problems of finite dinosaur juice and offer a means for the reduction of hydrocarbon emissions. And we know it will all end with $50 oil. The same is true for the excess of the have-it-now, live-outside-your-means, and borrow on your kids backs forever. Stop it now, clean it out, and rebuild something real. I'm an optimist at heart, but Seligman forever changed my thinking about who was more right more often, and that was the pessimists. They see the world the way it is and not the way they want it to be. GT TH