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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (265539)	8/1/2010 2:05:09 PM
From: koan	Read Replies (1) \| Respond to of 306849

I think we are in store for a long period of stagflation. The equation no one is looking at that I can see is that we have been 5% of the worlds population consuming 25% of the worlds goods and services. We were able to do that because in the past our country had the best education, the best laws, an abundance of natural rescources and money. But now we have a global market and other countries can compete. So we cannot expect to continue to use 25% of the worlds goods and services with only 5% of the population. And we have been irresponsbile consumers. The model T got better gas milage than most cars do today. We pay a huge price importing all that oil. So our standard of living is bound to take a hit. And corporations today have little fidelty to the US. All large corporations are sort of international in nature. We need to learn to live more modestly and instead of putting our money into large expensive SUV's, put it into better education.