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

To: elmatador who wrote (93980)	8/28/2012 10:46:20 PM
From: THE ANT	3 Recommendations Respond to of 218660

Yes but the capital was blown on assets that require resources to maintain and do not produce industry which will produce further goods nor create innovation or technology that will further the world.At least the NASDQ bubble produced technology which would have never happened that quickly with no bubble.Technology was left after the bubble.In most cases it was not worth the capital spent but it furthered innovation.Our housing bubble continues to harm us as empty houses consume resources and worse than that causes politicians to further distort the economy from its best path.Hundreds of times prior to the housing bubble collapse I told people "show me any economy where the best investment is putting bricks,blocks and labor onto an empty lot that will cost resources to maintain and yield no further production(factory) nor technolgy and I will show you a country going to hell in a handbasket"