Quote:
Originally posted by wig@Dec 8 2004, 08:02 AM
Alex, why no mention of Oil?
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That one's easy. Alex is working BACKWARDS from the premise that the American experiment has failed and that the US economy will plunge into a depression that it can't recover from anyday now. It is so rare that a nation's GDP is increasing, stock market is rising, unemployment is dropping, real wages are rising, currency is rising, inflation is in check, debt is in check and so on all at the same time that someone of such a mind will is always have ammunition.
Of course, the past seven decades have seen a large number of books, magazine articles and commentary on "The Coming Financial Earthquake" and "The Next Great Depression". Something always goes wrong with the analysis.