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Beware soothsayers who tell you what you want to hear.

I do not mean that what Mr. Caliente says is a state of affairs we would wish to happen, I mean that he is telling us what we already think will happen anyway. That is what our egos want to hear, if not our pocketbooks.

I see very little analysis in this article and a lot of sloganeering. It sounds good, I agree with it, but it is no basis upon which to make financial decisions.

“Mr. Caliente?”

the man’s name is “Celente”

“I see very little analysis in this article?”

Then I suggest you read it again. Although I can understand why you didn’t “see very little analysis in this article” since you didn’t even get his name right. LOL

"I see very little analysis in this article and a lot of sloganeering. It sounds good, I agree with it, but it is no basis upon which to make financial decisions."

I have become a little wary of such predictions having read the book "Bankruptcy 1995' in the early 1990's and pulled all of my money out of the stock market. In doing so, I missed the 1990's boom.

There are two different approaches used by two different schools of free market economists. The first approach is to recognize that government interference kills the economy and that there has been an ever increasing degree of government interference in the economy. This group sees disaster ahead.

The second group focuses on the idea that economic prosperity is largely driven by creative entrepreneurial activity. They note that prosperity usually takes off during a time of great technological innovation. One such example was the transformation of an Agrarian based economy to an Industrial based economy. They see us in a similar type of transformation. The transformation this time is from an Industrial based economy to an Information Technology based economy. This group focuses on the pace of technological innovation in the private sector and are optimistic.

I tend to come down somewhere in the middle, as I see both groups as too narrowly focussed.