I will say something hopeful: the stock market meltdown is not the end of the world. Yes, a good many people were sold a bill of goods (“buy and hold”) and yes the U.S. was over-leveraged and over-supplied, but the stock meltdown is good for long term health. It will most likely force a new work ethic on everyone, that is unless everyone ends up liking socialism too much!

4 thoughts on “Hopeful

  1. Agreed, but I think it will be a painful process, “democracy” or out republic will be at risk during the interim.

    To what end this momo was talking about I have nodda an idea.

    “A democratic society requires a stable and effectively functioning economy. I trust that we and our successors at the Federal Reserve will be important contributors to that end.”
    ~ Alan Greenspan, 1996

  2. Return to socialism is overblown, everyone (almost) strives towards entrepreneurship and not collectivism.

  3. Patrick,

    A minority strives towards entrepreneurship. That’s why most people have jobs. They crave security first.

  4. I have been telling twenty-somethings I encounter today to eliminate the word “job” from their vocabulary. Worry about making money, not a job. There is a difference and I am not splitting hairs. Jim, I agree, but that attitude might have to change or there will be a whole bunch of unhappy people without “jobs” for quite a while. Security is an illusion created by the likes of government, media, etc.

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