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RE: Wake up to the dangers of a deepening crisis

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RE: Wake up to the dangers of a deepening crisis
by Dagmar at 4:25 am EST, Nov 29, 2007

possibly noteworthy wrote:
Dark days ahead. Stock up.

I think it's going to get a lot worse than anyone is willing to admit. We've got too many factors working against the US economy. The gov't administration is turning a blind eye towards the (let's just say it) grift that investment bankers were performing over the last decade, they're doing nothing to protect the economy, and less than nothing to protect the lower-end of that economy (twelve million illegal aliens have to get money for food from somewhere). All they're worrying about is continuing the pillaging of Iraq and trying to drum up support for attempting to pillage Iran as well. Intellectual property wealth (the place where we should be winning, and winning large) is being gobbled up wholesale by law firms by and for suing everyone who does anything by means of bogus or near-bogus patent infringement claims. The entertainment industry (music and movies) is in a psychotic meltdown state because they've pushed things too far in pursuit of higher profits, and that's also starting to affect technological innovation since no one can bring a product to market without having to "buy in" with the companies enforcing the established models that are very clearly failing.

The biggest warning sign is that rich people are now starting to squirm, and they've got a lot more leeway before they start having trouble maintaining a reasonable lifestyle.

RE: Wake up to the dangers of a deepening crisis


 
 
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