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More gloom and doom!

Its all just Bull.

The US economy is cranking along with no sign of slowing down into a recession.

The fact is that we are emerging from a speculative economy where risk taking and borrowing fueled expansion. That has ended, except for one more dip driven by financials and then by November the economy in the USA will begin booming.

Now the US economy will grow based on consumers who pay cash for goods and services, with less borrowing power.

The gloomers and doomers cannot see past an economy which is highly leveraged in its operative character. They are similarly myopic about Japan and other nations.

The adjustment away from a highly leveraged economic machine is a very healthy one. It does not bode sickness and collapse. It bodes great stability based on value exchanged for value, not value exchanged for someone elses value as borrowed.

Conservatives therefore feel bullish.

Liberals feel bearish and want the world to believe that the sky is falling because they can't borrow money to gain their accustomed affluence. Such folks will have to learn again to live on the wrong side of the tracks in Hooterville, at least for a decade or so.They did that to themselves!

The economy has turned conservative.

And that FRiends is hardly the end of the world. It is actually a cause for celebration!

My stock analyst put "hold" recommendations on the three banks in which I am invested. That is as good as it gets in times when the financial sector is supposed to have its bottom falling out.

This thread article is Liberal Socialist Myth.

Now is the time to buy stock, and to buy it smart.

Notice that the US dollar now rules.

The liberal socialist economists have looked so hard for a recession and do not realize that THEIR DOG WON"T HUNT. Their light simply shines right through their economic dog, which happily keeps right on trucking. That has them puzzled to no end.They just have the wrong point of view to understand what is actually happening with the economy.

Liberal socialist economists are therefore just like this:

So don't believe a word they say. Check with the professionals who know, and you will see how wrong this article is. You see no mass exodus from the stock market. People are holding, and holding smart.Even Lehman Brothers is making gains.

I'm tempted to agree -- but I'm not sure.

What proportion of our economy which had been based on production and service of tangible goods has been outsourced overseas? (Because the thinking went, there was a higher profit margin based on servicing and facilitating the movement of money, rather than in creating a good or service for the 'end user' and exchanging money for *that*. E.g.

Making the business model about the financing of automobiles, and foisting any schlock product in order to have an item to finance.

And then structuring transactions so that people pay money and then return the product after three years (leasing) so there is no actual purchase involved by the initial customer;

And then finally selling the now-degraded product to a different, final consumer, at a much-reduced (but still confiscatory price).

Yeah, profit margins go up as long as you can keep the game going; but it is not sustainable economic development, since people can only go upside-down on their payment books and leases for so many years.

IF we had kept much of the primary manufacturing and such in our country, I'd agree that we would just settle back to a lower standard of living. But much of what we do is merely "value added" for higher-end products -- and if the market for the high-end products shrinks significantly, there is no need at all for the "value added" part. And the lower-end products (and jobs that come with them) are now overseas.

Your thoughts?

Cheers!