People like you and Travis McGee are among a small handful of Freepers even more bearish than I am. You make me feel like a raving optimist! LOL.
I am in denial to the extent that I can’t let myself believe in the possibility of an outright depression or a complete collapse of the currency or of the bond market, or of the dollar being abandoned as the world’s reserve currency, or of foreign money completely dumping treasuries.
Any of those would ruin us and I am just in denial over the possibility of any of them, even as I have various heartfelt beliefs that some of them just aren’t likely. China is not going to hurt itself by dumping our treasuries for example. What currency could be used as the world’s reserve today? For all of the Euro’s strength, I just don’t see it being up to the task as the world’s reserve currency. America’s financial empire is still more dynamic, more cohesive, more stable, less corrupt and more transparent than Europe is.
Anyway, at my bearish, it is always nice to hear from you and it makes me feel positively like a Freepyanna. Thank you! Somebody is more bearish than me!!!
Oh, and I REALLY REALLY hope you are dead wrong. EVERYBODY hopes you are wrong.