jay1234

Total Rating:
0 / 0

1 Comment

    • Thu Oct 16th 17:02 PM | Rating: 0 0
      Commented on:
      Tuesday Outlook: Commodities, Emerging Markets
      It seems to me that we go thru' a bubble every 5-10 yrs and a massive downturn on a longer wave cycle. Why? Greed and incompetence. Instead of creating wealth and prosperity, some small minority always runs with the things in our world. We need to control those types - whether it is corporate, financial, religious, or other types of extremes. We have truly lived upto what Dale Carnegie said "the business of America is Business" and that has made us a country of marketeers and not achivevers. We leave the hard work and exploit the immigrants or weak countries worldwide - for our entreneurial pool, for labor, for goods, for oil....and leave a mess everywhere we go. This has been especially true after WWII and we have become obnoxious, manipulative, dogmatic. We are the main cause of global warming and financial mess and we dont still dont want to clean that up....in the name of free trade. Trade is free and the playing field is level when the true cost of the complete cycle is taken into account - eg there was a cost of pollution but we gave the industry a free reign esp, in air and water pollution as these costs were NOT PRICED or imposed on those responsibe, same with toxic assets, etc. We need to develop of thoughful introspection and almost zen like culture to evaluate things and regulate them properly before jumping all over the next bubble which will soon be forming - what is that going to be....alternate energy anybody? Without proper regulation we cannot creat a level playing field and we must regulate most the lobbies.
      View article »
Loading...
Symbols:
Authors:
Quick Links:
Contribute an Article Become a Seeking Alpha Contributor

Transcripts

More Transcripts»