Thursday, October 28, 2010
Business is Bleak: Correction around the Corner?
Joe: regarding business, the US situation looks very bleak. As you know I maintain that China is overrated and it will have its own correction, probably a political transformation from an internal resistance/rebellion so in this sense there is hope for the US with a competitor in turmoil or at least weakened. Also, you may know Alexis de Tocqueville said that democracy is a self-correcting political system that can usually fix its own flaws, with enough time and enough political pressure. Well, we are in the midst of the socialist experiment & big government its been going on for a long time before Obama. Hopefully the self-correction that takes place next week is a real, authentic correction to big socialist government. We need to change course. Hopefully things will begin to get better for business and the country after next week's elections... - Bob