StupidityAndGreed

Today's Market: Living in Interesting Times

I can't believe that so many educated people fail to recognize the fundament nature of economic catastrophe. Economic catastrophes occur because they never look the same way twice. While politicians, lawmakers and the media rationalize that the current situation can't be that bad because it does not resemble a previous economic disaster (like the depression) they fail to recognize that, by nature, each new calamity is fundamentally unique. This is NOT the 30s or the 70s. It is a new century and what we are in for has the potential to be more horrifying than anything in the past primarily because no one can grasp the significance of what is occurring. Talking about how everything is OK and the fundamentals of the economy are in good shape represents the pinnacle of stupidity and self delusion. The easy wealth and soft lifestyle the US has enjoyed for the last 40 years is OVER.
Stop dreaming that there is a silver bullet and face the music. pinnacle