Harry Dent nailed it in his book in 1993 when he call from the start of a depression in 2007. Helped by the 2006 Pelosi & Reid Comgress.
No one in their right mind would invest capital now in the United States of Zimbabwe.
The stupidity of the American public is staggering but they sure love college football.
Harry Dent nailed it in his book in 1993 when he call from the start of a depression in 2007.
FYI:
In his 2006 work, Dent predicted, The Dow hitting 40,000 by the end of the decade, the NASDAQ[’s] advancing at least ten times from its October 2001 lows to around 13,500, and potentially as high as 20,000 by 2009 The Great Boom[’s] resurging into its final and strongest stage in 2007, and even more fully in 2008, lasting until late 2009 to early 2010.
As the world realizes it we'll see the catastrophe.
The freedom that did exist allowed the individual or grouped savants to provide the innovation and prosperity that filtered to all. Once that was corralled and harnessed by government for controlled redistribution, the imagination and initiatives were abandoned, out of bureaucratic frustration and demoralization.
Kinda like the Romans sure loved their gladiators during the decline of the empire.