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UtopianRanger -> RE: Global Market Meltdown? Make Your Year-End Predictions Here: (1/24/2008 1:16:50 AM)
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Here's a good reason why:
http://www.tarpley.net/29crash.htm
That is far-n-way the finest primer on the 1929 crash /Depression I have ever read. Wouldn't matter what country you were from.....anyone wanting to familiarize themselves with the global economic crisis for that time period should make this piece their first read.
Thanks for posting it. [;)]
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Believe in global warming or not- there's increasing amounts of market demand for alternatives to fossil fuels, and "green" construction is taking off rapidly. Most of the companies that will benefit are in the Nasdaq or privately held. And to UR's comment about nanotech- Nanosolar may count as nanotechnology's most visible hit to date. Hence, money is going to run to the Nasdaq. It would be more successful if VC firms manage to figure a few things out (like in order to have a wildly profitable company, it helps to be in business in 5 years.) but that would require brains and an honest desire to make money, rather than have a massive ego.
Oh....I wholeheartedly agree with you that when we do come outa this thing, the smart money will move to indexes like the Nasdaq; which is heavily laden in science and technology.
As I mentioned in another post a while back : America needs to abandon the mentality of Zeus, and move back to its role as Prometheus. Stepping away from the desire for conquest and control, is paramount...Pushing the frontier in science and technology is what we've always done best. And it will be what leads us back to greatness.
Out of the nihilistic world of three-dollar per gallon gas may just come something the oligarchy never wanted or expected....
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As Krugman pointed out- debunking the Reagan myth is important and still doesn't seem to be happening. GWB has applied Reaganomics with tax breaks for the wealthy and combined it with a very expensive war that he's made no attempt to pay for. In short he's been trying to bankrupt the country, and he's done a damn good job. We're either going to pull out of this tailspin, or we're going to become a third world country in short order. One of the more promising signs is that there's been a lot of voter turnout in the primaries- I think we're in for a sea change in politics- and it's long overdue.
HAR!
As one guy said on the radio the other night : '' Give me a five-trillion dollar credit card and I'll show you a good economy too!! '' [:D]
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And what a roller-coaster ride it was today! ...
Popeye, do you still feel confident with your 830.0? So far, you have posted the gloomiest prediction.
Has anyone read about the bail-out plans /stimulus package?
From Bush to Huckabee to Obama to Hiliary - They all have one thing in common: They're all themed with more debt. Nothing much about curtailing spending or putting people back to work retooling our decaying infrastructure ---Just more debt.
- R
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