"Give me your tired, your poor, your huddled masses yearning to breathe free."
"When we live authentically we create an opportunity for others to walk out of their dark prisons of pretend into freedom."
Of course, bubbles do not necessarily pop, when you realize they are there. Greenspan noticed the first bubble years before it blew up. While bonds cannot easily double in price anymore, at least not German bonds, share prices could, like they did before the Dot.Com crisis. But with the Fed tightening the likelihood of nearing collapse rears its head.
Last edited by joG; 11-08-14 at 05:23 AM.
The poor and middle class have always gotten by by "neighbor vs neighbor". the rich get rich by redistribution from the poor and middle class - I would call that "neighbor vs neighbor"
I'm a science/math guy, not an econ expert.
I found it very dry and gray, with theories not applicable to every new generation due to so many factors.
With that, I recognize that the gains in jobs once again last month have a down side from your perspective.
I'm aware of the stagnant wages for the middle class except for the very rich.
Please pick up the ball and keep it rolling from there.
I'm a quick learn when listening earnestly .
Chemists Have Solutions .
Obama's problem is he is a community organizer who doesn't understand incentive and how to create jobs. It is the private sector that creates the jobs and it has been way too long for us to get back to the 2007 levels because Obama is a big govt. liberal who believes the govt. has the solutions when the govt. just creates the problem. There are four components to GDP with govt. spending normally about 20%. Obama doesn't understand that it is the consumers which constitute about 66% of the economy that generates the demand. More money in the hands of the consumer means greater demand created and that is why we have had stagnant growth and slow job creation