Bull Moves in Bear Markets
Finished reading Peter Schiff's The Little Book of Bull Moves in Bear Markets. Another book thats paints a very gloomy picture of the US economy. The book says that the next 10 to 20 years are going to be really tough for US. Also it is important for the US to break it's credit habit and get into producing and exporting things rather than just borrowing and consuming them. Makes much sense to me. I hope the new US government has the balls to tell the citizens that we need to take some bitter medicine to get rid of the credit disease. Also I am very hopeful for the US since Americans are quite practical and have a very tough fighting spirit. However it is always wise to hope for the best and be prepared for the worst.
Labels: economy
