Vincent Fernando

Long Term Investing Appears to Have Gone Out of Fashion

from Paul H:
"You think the U.S. will disappear.

Which nation is so much better off?

China is expanding their fiat currency at a rate 10x faster than us.

Japan, the #2 economy, is having issues similar to us.

Just because a speculative bubble burst, you think the world's largest economy will just shut down?

Sure, we might not be able to live as large (although anybody with money to invest is doing okay here) on average, but life in the U.S. is still better than any place on Earth."

The US will continue to innovate and will become a stronger nation. People who think it's over misunderstand the US's most powerful feature- it's ability to change on a dime, adapt, and innovate. That innovation is still happening and always will as long as our silly government doesn't lock down the economy with rules. That's what got Japan stuck in the mud once institutions their calcified around the economy. China had a nice clean slate to work off of due to their very troubled past, but trust me they have their own problems which are much worse than the US and at some point their institutions might calcify as those in Japan did, or simply blow-up. I hope they manage them and become a prosperous nation with a high standard of living for the average man, but they will have to run past some pretty nasty economic and social land mines in the process.