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Old 12-09-2008   #43 (permalink)
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Re: The Economic recover: anyone willing to make a prediction?

" I think we ARE getting addicted to borrowing." What do you mean, "getting".I think my point was that we have gotten, past tense, addicted to credit.We have used credit to artifically stimulate the economy, just as amphtamines artificially stimulate people.
"the objective in this thread was to picture the economic future and and then take a look at it in a year or so and see how we came out." I've made my prediction, and I'll stand by it.
I am not a doom and gloom, however. The vast majority who voted in the last election, regardless of who they voted for, wanted "Change". But real change can only come from within us, from the bottom; Not from leadership at the top. Or, to put it another way, we cannot be lead where we are unwilling to go.And real change only occurs when the pain of the status quo overcomes the fear of the unknown. So far our leaders, around the world, are attempting more stimulation, which is like the Captain of the Titanic, when told he had struck an iceberg ordering "full speed ahead!" We're still hoping, totally unreasonably, that we can somehow put the toothpaste back in the tube. That some combination of actions, by our Gov'ts will "make this not be happening, or at least, make things back the way they were."There simply is no way we can continue with our addiction, and no way to avoid cold turkey withdrawals.(IMHO).As for what to do, that is beyond the scope of this thread. Jim
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