Two thirds of Americans predict recession!

[wayneL]

There are many (and I'm not including you) that would love to see the downfall of the U.S., Australia, etc., in order to gain socialism in those countries. I don't believe they will be successful, unless everyone converts to the gloom and doom sky is falling mentality.

I'm looking more for a "reset" in order to regain healthy capitalism.

This credit bubble really needs to pop IMO, to build a solid platform from which to grow again. The more the fed tries to prop this up, the worse it will eventually become. Had Greenspan been more sensible after 911, we would be coming out of a mild recession and building solidly.

As it stands now, because of ridiculous availability of credit, we have a financially very dangerous and sociologically damaging asset bubble.

One thing is for sure, the next period will be very interesting and I for one, intend to have my @rse well covered. But yes I'm optimistic... optimistic that I can play whatever comes to my advantage.

My own lurking pessimism has to to with our western governments. There are some nasty surprises on the agenda I reckon.

But as I have said elsewhere, I'm moving to Panama (see housing thread)

 

[badmarty]

And I for one agree with this prediction!


Enforces that age old adage " You can fool some of the people some of the time, But not all of the people all of the time "

[/QUOTE]

30% of Americans dont know when 9/11 took place hahaha... check this out
http://www.youtube.com/watch?v=HjtdxcNsRCM0
http://www.youtube.com/watch?v=iOQLx3em7z0
http://www.youtube.com/watch?v=q566ys0sqVQ&mode=related&search=
http://www.youtube.com/watch?v=Hp4iI59BfpQ&mode=related&search=

 

[theasxgorilla]

This is mainly a technology driven economy, and America is the leader in technology improvements and implementation..

I agree with that and would say it's been the saving grace of America over the last few years. Much of what was promised during dotcom has actually been delivered in the last few years.

 

[robert toms]

95% of Americans believed that Saddam had weapons of mass desruction !

 

[numbercruncher]

95% of Americans believed that Saddam had weapons of mass desruction !

Well he did have and used WMDs in the past and so they where right to beleive (Just ask the Kurds whom died a gassy death), Saddam just didnt have WMDs when Americas military machine arrived.

Im not agreeing with the Iraq War, im just saying Saddam did have and used WMDs.

 

[chops_a_must]

Well he did have and used WMDs in the past and so they where right to beleive (Just ask the Kurds whom died a gassy death), Saddam just didnt have WMDs when Americas military machine arrived.

Im not agreeing with the Iraq War, im just saying Saddam did have and used WMDs.

But was it justified true belief?

 

[Julia]

But as I have said elsewhere, I'm moving to Panama (see housing thread)

I thought you were off to the UK, Wayne? Has that Panamanian beauty snared you instead???