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Team California
Join Date: Jul 2001
Location: los angeles, CA.
Posts: 41,396
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There have been kooks like Tabs predicting the end since cavemen were riding dinosaurs. I'm sure that you could find a screed from 1954 that sounds like it was written by him. Like a broken clock, however, he is temporarily right every ten years or so when the economy adjusts itself.
There are perfectly logical reasons why everything is a Ponzi scheme and all money should be worthless for decades, yet I keep filling my tank and my stomach with it, not to mention going skiing in the Sierra mountains for the second time in 3 weeks tonight. There will be lots of other people on the chairlifts who aren't listening to Tabs.
This isn't to say that major re-alignments are not coming or that the articles above are wrong. I personally think that an economic slowdown would be a great thing in several ways, mostly having to do with the environment. The classic model of endless growth is extremely destructive and unsustainable. There needs to be growth only in specific areas. But that's a whole 'nother thread.
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Denis
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