Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
That may continue until the globalization hits the limits of this finite world. China is a huge new space for a few more bubbles. But once Chinese government shows some intent to limit the bubles, markets get very nervous acroos the globe. No ingenuity can keep insanity forever.
One person's insanity is another person's consistent growth, I guess--check out this chart.  If there were stock market charts available back to 1500 they would likely have this same slope.  IMO, human ingenuity will continually improve our lot.

But as this chart shows, growth has ups and downs, as it has in the last five years.  This current down will likely be another bump in the road on another long economic boom.  Before the 2001 mini-recession we had a boom that lasted from Bush Sr, through all of Clinton, and through the second month of George Jr, 10 years in total.  I would think we're in the middle of another one--at least until 2010.  But only time will tell.

by wchurchill on Thu Mar 1st, 2007 at 07:50:20 PM EST
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