Tollorin
Veteran
Joined: 14 Jun 2009
Age: 43
Gender: Male
Posts: 3,178
Location: Sherbrooke, Québec, Canada
12 Sep 2009, 9:49 pm
I would be willing to bet that you are wrong on that. America will come out of the recession in the next year or two, and things will be more or less back to normal without any collapse. Our national debt will likely remain high, but China isn't going to suddenly call it all in at once. Immigration to the US will remain at a net positive for foreseeable future, and the US will continue to be the dominant world power.
Until the next economic crisis that is.
It's not like the investors are less greedy or gain some wisdom. They will another buble...
12 Sep 2009, 10:15 pm
12 Sep 2009, 10:25 pm
12 Sep 2009, 10:27 pm
I would be willing to bet that you are wrong on that. America will come out of the recession in the next year or two, and things will be more or less back to normal without any collapse. Our national debt will likely remain high, but China isn't going to suddenly call it all in at once. Immigration to the US will remain at a net positive for foreseeable future, and the US will continue to be the dominant world power.
Until the next economic crisis that is.
It's not like the investors are less greedy or gain some wisdom. They will another buble...
I think the biggest bubble is the military industrial complex. There's a vast amount of overspending in that field with weapons and equipment created that never get used and have no practical civilian uses. Yet it somehow helps bloat our economy and keep it afloat despite its patent uselessness.
13 Sep 2009, 4:52 pm
13 Sep 2009, 5:11 pm
13 Sep 2009, 6:00 pm
13 Sep 2009, 8:09 pm
13 Sep 2009, 8:48 pm
13 Sep 2009, 9:52 pm
13 Sep 2009, 10:25 pm
13 Sep 2009, 10:51 pm
13 Sep 2009, 11:08 pm
13 Sep 2009, 11:56 pm
14 Sep 2009, 12:58 am
If my barber is so wise about politics, why doesnt he run for office? And have you seen my prime ministers hair do?
The point is, everyone can have an opinion, but if I want expert informed advise, I listen to an expert. If I want to know about math, I'll go see that professor.
Sand, are you suggesting I take investment advice from my neighbour who is an electrician?
Making conversation is one thing, but bona fide experts and public personalities have a certain amount of credibility, so they shouldnt promulgate overly on things outside their speciality. Filthy rich actors preaching about third world poverty comes to mind.
Want a good clear example? A general practitioner doctor holding forth on cancer treatment.
And yet that G.P. likely knows more about cancer than that mathematics professor will ever know about say, engineering, or social issues.
Its a fact that the more you specialize in a field, the less you study things outside that field.
After all, what does the average preacher know about biology? Yet you suggest that he can form an effective and enlightened opinion from his knowledge base.
14 Sep 2009, 1:42 am
The point is, everyone can have an opinion, but if I want expert informed advise, I listen to an expert. If I want to know about math, I'll go see that professor.
Sand, are you suggesting I take investment advice from my neighbour who is an electrician?
Making conversation is one thing, but bona fide experts and public personalities have a certain amount of credibility, so they shouldnt promulgate overly on things outside their speciality. Filthy rich actors preaching about third world poverty comes to mind.
Want a good clear example? A general practitioner doctor holding forth on cancer treatment.
And yet that G.P. likely knows more about cancer than that mathematics professor will ever know about say, engineering, or social issues.
Its a fact that the more you specialize in a field, the less you study things outside that field.
After all, what does the average preacher know about biology? Yet you suggest that he can form an effective and enlightened opinion from his knowledge base.
An opinion about an uncomfortable and undesirable social situation does not require a PhD in sociology. We are all aware of what is socially acceptable and what might be a bad situation. Who knows? perhaps your barber is adept at analyzing the ups
and downs of Wall street. Looking at the current financial condition of the USA all those university educated financial experts working there still can't tell their anus from a hole in the ground and they are still crapping all over the economy. An opinion is an opinion and has to be looked at at face value with some concern over the background of the speaker but that is not absolutely definitive. Experts are very frequently wrong.
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