Quote:
Originally Posted by kstarnes
This sentiment is a sign that it's nearing a good time to invest in the USA.
As Sir John Templeton once said (to paraphrase) "the best time to sell is at the moment of maximum optimism and the best time to buy is at the moment of maximum pessimism".
I think the moment of the latter is close at hand. 
Best, |
You're correct.
Quote:
Originally Posted by nostatic
我学习汉语
|
You're incorrect.
My bet is on the Yanks to make a huge comeback. It won't happen anytime soon - and it will get worse before better. However, new energies will be discovered and/or developed, the real estate situation will even out, banks will become solvent, and manufacturing will be loosened from the constraints of legislation. No one's about to throw in the towel yet. You will now witness the best in the American people. Those who can't hang, or can't diversify themselves, will, unfortunately, fall by the wayside. Other than that, now is a great time to invest in the U.S.
As to China. I don't give them, or India, ten more years at their current level of production and/or wealth. First of all, we are the largest consumers of their products. But at the current fiscal situation in the U.S., many are scaling back on purchases of what these countries sell. The same is happening in Europe, where virtually every country in the region is experiencing a severe economic slowdown. In short, if there's no money, there's no China nor India as an economic power.
I'll even take this further to say the Arab oil-producing countries will also have their reckoning. Americans will demand more fuel efficient vehicles - and they are most definitely in the pipeline from not just the European and Japanese manufacturers, but Ford, as well, who has, for example, a 300+ horsepower turbo four that produces outstanding fuel mileage that they plan to make one of their bread and butter engines. They're bringing in all sorts of cool Euro-developed cars with innovative turbo gas and diesel engines. Ford will survive. The Mideast may not, simply based on good, efficient engineering that will butt heads against their sole source of income.
GM on the other hand - well, their dousing with cold water today is a great example of
what should die in America. American consumers are always two steps ahead of industry as to what they want and/or need, and the old guard corporations can no longer afford to not sit up, take notice, and then take responsibility for their position in the American economy. I lament all who've been hurt by GM's inability to innovate and be competitive, as the brunt of GM's burden will fall on them. But honestly, everyone realizes GM had it coming for a very long time.
I think whomever is elected President in November will be part of the deciding factor as to how fast or slow we recover. But regardless of who it is, we will recover.