Quote:
Originally Posted by mynameisjim
What you people who always come out of the woodwork in tough times and predict doom fail to realize is that a boom time can totally right the ship and there is always a boom period whether it be fueled by tech, housing, or whatever, it always comes because people are always looking to make money.
The tech boom of the 90's totally erased all of our deficits and got the whole country back in the black. People and companies got rich, paid more in taxes, and the budget was balanced.
There will be another boom period within the next 5 years and it will right the ship again. Then it will bust and all you doomsayers will come out again talking about how I should buy guns or start planting my own food or whatever because the end has finally come.
People think they sound like they have the inside line when they predict these doomsday scenarios but it makes you look like the weirdos that think the world is coming to end on a certain numerical date or because certain current events were predicted in the book of revelations.
Relax everybody.
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Or perhaps you guys are both wrong.
It doesn't look to me like we are in any shape to be expecting a boom. By almost all measure we are still in the shitter.
The point I would argue against most of the bears in this thread is that they all seem to expect stag-flation or hyperinflation which leads them to their pessimism. They almost all favor buying gold, oil, agriculturals, etc. They are all forecasting a further collapse of the Dollar.
Perhaps what we are on the verge of entering into is the next leg of the deflationary spiral that we have clear signs of already. In this scenario, the dollar, following a long decline since 2002, actually is the only place to be while all assets collapse around it??
Cash is King in a deflation.
