Comments on: Weekly Market Commentary, April 1st 2008

By: Repair Firms

Repair Firms — Sun, 15 Mar 2009 05:18:40 +0000

Is there a way to locate someone locally to try this?

By: Terra Andersen

Terra Andersen — Thu, 03 Apr 2008 01:50:54 +0000

I also agree on all of these points. I find myself in a similar position these days. As a young trader, I am lucky that I am still able to take risks, although no one likes losing money to a down market…

This was very informative, and it really helped clarify the current state of the market.

Great stuff!

By: Brandon

Brandon — Wed, 02 Apr 2008 14:50:34 +0000

Holy cow, amazing read Sean, as always!!!

By: Airelon

Airelon — Wed, 02 Apr 2008 12:11:21 +0000

I agree with you on nearly every point.

There is one adendum I would add. You made the statement “Over nearly 60 years, we have become a nation of debtors who rely upon borrowed money to fund incremental economic growth.”

While it is true the growth is incremental, I think the main problem with our debt is it’s not being reinvested into producing needed goods and items. It’s been for luxuries. Things that we can go without in bad times.

I have no problem with debt. When it’s used reasonably and rationally to fuel proper growth. Growth for production. But that’s not what we do. We use debt to fuel the insatiable need for luxuries. Luxuries that the world will not care for in an economic downturn.

Then all your left with is a lot of debt, and pretty toys.