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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: benwood who wrote (19937)	4/23/2009 7:24:29 PM
From: ggersh	Read Replies (3) \| Respond to of 71454

"Roubini calls for a U-shaped recovery, with his talk of positive 2nd derivatives in many things worth tracking, e.g. layoffs" Either he's on drugs, getting paid off, or watching Kudlow to much. " I think in a few years, it will be widely understood why we had an L-shaped recession." I think we know it now. Bad policy and the failure to let failure happen. " Those who think the Pummeled Generation (Baby Boomers who went Boom) will be consuming like there's no tomorrow are on drugs. That version of Tomorrow is in the rear view mirror for an entire generation." Person after person that I talk to are hurting. The American dream is long gone, unless we get back to the basics. As much as computers have helped society in certain aspects, they are not the cure for everything. i.e. you tell computers what to do and they come up w/answers that you tell them to. IMO and I could be very wrong on that last point. BTW, I appreciate Max and his posts, although we got off to a rocky start. <G>

To: benwood who wrote (19937)	4/23/2009 7:33:14 PM
From: GST	1 Recommendation Read Replies (1) \| Respond to of 71454

I agree completely about life in America -- the wild card is what life will be like in other parts of the world. On that score I am not so clear. We are so accustomed to seeing the world as a pale reflection of what we are doing at center stage. I believe others will move to center stage and we will more and more come to see ourselves as living in a complex and fragmented world -- one where we are no longer are the dominant actor. We won't live by selling paper assets to the Chinese -- we will have to find other ways to make a living. If we fail to do that, it won't just be a matter of not wanting to spend money -- we will be too broke to matter. We need to ask ourselves what we have to offer the world that it will pay for -- and the answer won't be treasuries.