"Personality can open doors, but only character can keep them open." -Elihu Burrit
Drink Of the Week
Absinthe Flip Recipe
Ingredients
1/2 oz Absinthe (Deva)
1/2 oz Cointreau
2 tsp Lemon juice
1 Egg
1 tsp Sugar
Nutmeg Mixing Instruction
Shake ingredients well with ice. Strain into a prechilled Delmonico glass. Sprinkle nutmeg on top.
The Motley Fool is looking for the positives in this transition, they are advising that people stick it out and the article briefly discusses the impact of adverse feedback loops in the economy. The idea behind an adverse feedback loop is that a downward spiral can become self sustaining if there is a sell off in the markets combined with negative investor sentiment regarding making new investments. Kudos to the Fools.
If you want some more bearish news follow these links:
If I am a long term investor, I am going to look at Brazil, Russia, India and China and plan an attack on the new economy. Particularly with China, because China is a developing an educated professional service class, a powerful military industrial complex with the engineers to support it, is not currently engaged in any wartime action that threaten its ability to produce and distribute, and still has the cheap labor that is necessary to put other countries out of business. Remember, jobs were going to Mexico, until China got on board and was able to produce and ship products into Mexico with the same and often better quality.
China is building the infrastructure for a new world and is allowing the wealth to spread throughout its country and still has it currency artificially held down in value. China can make itself wealthier by selling off US securities and then unpegging its own currency and trading in that. China has the ability to become a dominant producer and a dominant engine of growth regionally. There is nothing better than an production based economy - long term it trumps a consumption based economy in most scenarios, because production eliminates debt, whereas consumption creates it.
By the way, get into commodities or commodity related markets rel="nofollow". Things that keep on selling and represent strong positions for the future. If you aren't in a position to invest in the commodities market - learn about them and understand why the money goes there and what they are. People will still need to eat and replace essential consumables. There is opportunity in these markets - look at the performance of gold over the last 10 years. The commodities markets are rising despite all the signs of US economic slowdown and this creates some problem in doing good analysis of the future, but betting against commodity markets in the near term looks like a bad bet.
