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OK WHAT DO YOU SEE...? THE "MIRACLE ECONOMY" STARTED AROUND 1995...WITH THE DOW AT ABOUT 4000....
ALTHOUGH BETWEEN 3000 AND 4000 WOULD BE MORE ACCURATE...
THE LAW OF BIG BUBBLES SAYS THAT YOU SIMPLY MUST GIVE ALL THE BUBBLE GAINS BACK...
YES, I KNOW THAT SOUNDS CRUEL...
I MEAN WHAT ABOUT "REAL GROWTH"...WAS THERE NONE...??
WELL...NO...ACTUALLY...
YOU SEE...DURING A CENTRAL BANK FINANCED ASSET BUBBLE ALL SEEMING GROWH IS SUSPECT....FAKE REALLY.
ONCE GREENSPAN DECIDED THAT THE PUNCH BOWL WOULD NEVER AGAIN BE TAKEN AWAY...BECAUSE WE WERE IN A "NEW ECONOMY...!
REMEMBER THAT LITTLE CHESTNUT...THE "NEW ECONOMY"...??
WELL THE "NEW ECONOMY STARTED UP AROUND 1995.... RIGHT ABOUT THE TIME THE INTERNET BEGAN TO PENETRATE THE PUBLIC PSYCHE...
WHERE WERE ARE WE GOING...ON THE DOW...
I'D SAY BETWEEN 3000 AND 4000....PERHAPS A BIT LOWER...
REMEMBER...DOW 4000 WAS ONLY IN 1995...! THAT IS NOT EXACTLY OUT OF THE MEMORY OF A TYPICAL ADULT...
THE MOONSHOT IS OVER...AND IT AIN'T COMING BACK...AT LEAST NOT IN THE LIFE TIME OF MOST INVESTORS TODAY... MAYBE WE CAN BUBBLE UP AGAIN IN 2060 OR 2070...? WHO KNOWS...
FINALLY THE US HAS HAD A LOT OF STRUCTURAL DAMAGE TO IT'S ECONOMY...AND THAT COULD SLOW ARE EVEN RETARD...THE RECOVERY....
REMEMBER SOME IMPERIAL ECONOMIES...NEVER COME BACK.... THE UK IS A GOOD EXAMPLE... HISTORY IS FULL OF COLLAPSES THAT WERE PERMANENT...WHERE NO RECOVERY OCCURRED...
HOPEFULLY OBAMA CAN PUT THE US ECONOMY ON THE RIGHT TRACK WITH A HEALTHY PUBLIC PRIVATE MIX...(SORT OF LIKE CHINA TODAY)....AND WE WILL NOT BE IN A PERMA-DECLINE....
BUT THE LIKES OF KUDLOW, CRAMER AND RUSH...ARE HOLDING BACK THE PROGRESS THAT NEEDS TO HAPPEN...WITH THERE PITIFUL REACTIONARY SCREAMS....
OBAMA SHOULD MOVE AHEAD...DESPITE THE SCREAMING CNBC ZIONISTS AND MEDIA ELITES....
TIME IS OF THE ESSENCE....
IF THE CRITICS BECOME SEDITIOUS...THEY SHOULD BE TRIED FOR THEIR CRIMES...ALONG WITH THE BUSH CHENEY WAR CRIMINALS...
FORTUNATELY, MOST AMERICANS HAVE TONED OUT THE REACTIONARY BULLSHITERS... BUT THEIR CONSTANT BULLSHIT COULD SERIOUSLY DAMAGE THE ECONOMY...
YOU SIMPLY CAN NOT CRY "FIRE" IN A CROWDED THEATRE....
