Two-stepping on empty:
American consumers are deleveraging, in other words spending less to reduce their high levels of debt. Their average wage is falling too.
By most accounts businesses have a lot of excess capacity. Why would they need to invest/spend?
No other country's consumer seems to be ready to step in for american's spending.
So it is hard to figure out from where the future cash flows for this stock market rally are coming.
On the other end of the spectrum, it is amazing to see how these anti-.... groups are still stuck in 1917.
One person suggested to me looking at X Movement as a "new way". The first thing one sees in the movement's web-site is a picture of a banner that states: "Abolish Money".
Pol Pot and crew tried this brilliant idea 30-some years ago and starved to death millions of people.
No room for common-sense...or memory.
Labels: .Net desktop, Economics, Politics



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