http://market-ticker.org/akcs-www?post=183985
Fizzy comment: It's 3:30 am and I'm thinking of just how different the world, the economy, and especially the "land of the free and home of the brave" looks today versus ten years ago.
Ten years ago was approximately when the internet stock mania got its first earthquake. Still, it continued to fly high -- and certainly the assurances that all was well continued -- until 2002 (http://en.wikipedia.org/wiki/Stock_market_downturn_of_2002).
When you use THAT time as a reference point and compare things such as dollar stength, debt levels, demographics, gas prices, gold prices, Constitutional freedoms, popular opinions on government, popular opinions on banking, expectations for the future, etc. doesn't it become rather obvious we have fallen and can't get back up? Doesn't it become rather obvious that the trend is DOWN and there is reason to expect the distance down is more likely enormous than small??
More than current or recent historical events, what concerns me is the TREND in governance and public attitudes. What sort of government, what sort of politics, what sort of people would own the CREATION of the last ten years and systematically spin it and propagandize it -- instead of taking responsibility for it?? What sort of future do people who accept this sort of 'reality' deserve?? What sort of future are they likely to get???
We are clearly in a riptide -- certainly clear enough for anyone with eyes open and a reasonably long term perspective. What is the value versus the cost of denying that?
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