LCACM

Why Don’t We Buy Stocks When They Are on Sale?

In 1929 or 1974 US was not running huge trade deficits with China and other countries. The US had one of the strongest Industrial base in the World that was growing. In the last 25 years, that Industrial bas has been outsourced. In the past American Industry used to invent and manufacture innovative products such as TVs, Computers, Cars etc. now Wall Street is busy creating Toxic Financial Instruments. Also, the current financial and political leaders have not grasped the nature or magnitude of the problem. One cannot borrow one's way to prosperity.