Re: OT- random observations re the economy

Posted by GeneMO on August 18, 2010 at 20:21:00 from (216.74.193.175):

In Reply to: OT- random observations re the economy posted by Mike (WA) on August 18, 2010 at 16:41:46:

Seems like the economy for "stuff" is OK.. I mean tangible, I can hold it, see it, stuff.

Paper "Stuff" is not so good.

But that being said, 401K's, stocks, etc. will come back. It's just when. It may be 10 years. Not so good if you had counted on it for retirement in a year or two.

Sometimes I think the isolationism that many favored prior to WWII may not be such a bad public policy.

We definitely are lacking on leaders. All we have now are a bunch of crooks trying to line their pockets and get out before the collapse.

Gene

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