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Name:
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Yankee06
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Subject:
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WSJ
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Date:
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9/2/2009 11:30:13 PM
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Archy,
-Thanks for pointing us to that article. Any good news lifts my day.
-However, I have to admit that article was all over the place; for a guy like me, not very helpful. I just don't have a good understanding about teh economy's dynamics, about the ying-and-yang of what makes it work, ....but then again, ...our present situation suggests all teh economic experts don't either.
-From my simple view, our future turnaround is all about 1)job creation from a capitalist point of view (consumers can't buy production if they don't have money), or 2) resource sales (oil, coal, ore's, grains) from a colonial economic point of view (this time we are the economic-resource colonies for teh production powers) ---of course we don't sell much of that except for food, or 3) tech sales from an IT economic view, ---however, more and more of that is being done in asia and india.
-I'm usually an optimistic guy, --but from my view, I don't see job growth anywhere. Now teh stimulus monies for roads, bridges,, inner-cities etc may put pick-and-shovel workers on teh line for awhile, but when it's gone, they're gone. If that's true, we'll have to keep these people working, how? --that means more government money. As I fear I've said before in this forum, all this is going to lead to serious inflation, --and when that happens, most people's reirement nest eggs are gone within 4-5 years.
-But what the heck, I'll try to look at this economic glass as half full and see what happens.
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