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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (66929)	10/7/2010 11:13:02 AM
From: Hawkmoon	1 Recommendation Read Replies (2) \| Respond to of 217796

or are they more like a junkie.. More like a junkie, IMO. But then again, I see those Chinese speculating in their own real estate markets as junkies as well. The US makes its own choices.. and needs look inward for the solutions.. Sounds like the US has not reached bottom yet.. I concur. But I think a lot of countries have not reached bottom yet. And it's because many economies are transferring wealth away from the demand side (consumers) to an increasing degree. And I understand that all economic is about wealth transfer, to a certain extent. Anyone selling something is attempting to transfer the wealth of the buyers into their own pockets. But would you loan someone money in order to get them to buy your products? And if you were loaning out that money to people you know couldn't afford to pay it back, is that their fault or yours? The US has a lot of problems, I readily admit this. We are a consumer based economy, often buying stuff for which we absolutely have no need. We are also an economy where, increasingly, it's about financial "innovation" (shenanigans) and not productive output. And most importantly, we're a society where is seems that the value of an education is being ignored, or priced out of the means of many to afford it. I'm sure I could think of quite a few other things, were I to dwell upon it. But suffice it to say that I don't excuse American responsibility in this fiasco. We're all to blame, and those who facilitated it are also to blame as well and will have to take their lumps as well. Hawk