And now for something completely different...

[--Pete]

Hi,

Drink the juice and be optimistic and invest like the current system will continue... or starting buying supplies for the "End of the World As We Know It". Peak Oil vs Peak Oil Extremists, the latter I can't make a profit off of so I don't pay too much attention too.

Because, of course, there is no middle ground. No studying the current system, identifying its faults and its strengths and working to improve it, thus changing it. And, of course, planning for the future is just a waste of time.

Economics is great until it is put into practice. When you have a bunch of really smart people telling everyone that things are getting worse and people base decisions off of it, then you end up in a really destructive cycle. Feeders of the animal spirits.

So, the present conditions are just a lemming (sorry, not you, Lemming) stampede? There really wasn't an over investment in marginally secured loans? The big three auto makers weren't (again) building over sized gas guzzlers of poor quality that no one wanted? Mutual fund companies, with large sums to invest, weren't pushing the stock market beyond reasonable figures? It was all Chicken Little and the world came tumbling down?

Sorry, but I think the prophets of doom and gloom were really more reporters than prophets.

--Pete