mollytjm

The Dow's Lost Decade

thank you, 'closed'. too many investors (and the general public for sure) have no idea about history or how it really is in the rest of the world. we can't afford to be so ignorant. people want a 'sound bite' not actual information. the public thinks of their 'debt' as what they owe as the monthly payment..not what they owe entirely. with such a high level of comfort about debt, through ignorance of what it really means, we got to this terrible point.
trying to 'fix it' without really understanding it could lead to something far worse. panic and fear allowed us to be duped and make terrible mistakes after 9/11. this present scenerio presents another time of panic and fear. i hope we do better this time.