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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (10991)12/19/2008 9:31:59 PM
From: Cogito Ergo Sum  Read Replies (1) | Respond to of 33421
 
Since way back in maybe 2001 on the Booms Bust thread we were talking about the big shift... rebalancing etc etc My game plan never called for US to become a second rate state.. just maybe no longer the only super power .. besides as a Canuck it would be pretty stupid to want that... but yeah I know the kind of crap you mean :O)

to rewrite the rules when we recognize we've screwed up It's the ignoring them that screws them up methinks :O)

And they pointed out that a 5% savings rate would result in about $500 Billion in reduced consumer spending That needs to be done and sustained for a while..

I know I for one and many others have pointed out that China needs to develop a consumer society.. They need to stop 'emerging' and just emerge ... better all round..

The Chinese want their MTV too :O)

The Black Swan



To: Hawkmoon who wrote (10991)12/19/2008 11:33:26 PM
From: Little Joe  Respond to of 33421
 
Hawk:

I agree with you we are still the country that is most able to adapt to change. Perhaps, not as adaptable as we once were, but more adaptable then the rest. It is our biggest advantage over the rest of the world and we may be relatively better off for it. But it ain't going to be no picnic.

Little joe


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