That is what all the bulls were saying in 1932 when “it could not get any worse”…
Just where are corporate profits going to come from? Corporate America has already dumped Mr and Mrs America for some dopes out of country (IBM hits close to my heart recently). Overseas profits will come crashing soon enough.
Corporate California has done a great job in transfering jobs south (You may be surprised how many dollars actually go back home to Mexico). We have a long way to go before the current true value of the Wealth of this Nation is realized. Bubbles are no longer going to hide the truth.
If the World economies don’t work together on this major financial bubble recovery, then someday, History books will look at the 2000 recession as the onset of the 21st century great depression. They will blame Alan Greenspan and the FED for creating all the energy for the perfect storm. It would be fitting if the first Hurricane of 2008 is named Alan and it wipes out all the new housing in southern florida.
America must rebuild when it hits bottom with sound practices and integrity at all levels of the workforce and financial markets. Feed the small fish and the big fish will stay healthy. Take away the ability for the little fish to grow and the big fish will die out. I see a need for a lot of big fish dieing and thus creating the food necessary for the little fish to feed and multiply.
