Comments on: Is California In Recession? http://www.drinkingisbelieving.com/2007/11/12/is-california-in-recession/ The party doesn\'t have to end! Tue, 06 Jan 2009 21:18:04 +0000 http://wordpress.org/?v=2.2.3 By: John the Greek http://www.drinkingisbelieving.com/2007/11/12/is-california-in-recession/#comment-16 John the Greek Mon, 12 Nov 2007 17:34:12 +0000 http://www.drinkingisbelieving.com/2007/11/12/is-california-in-recession/#comment-16 My Latest Rant - Enjoy! Seems like the punch bowl is drying up and people are beginning to see the hard truth. California is due to see some sort of downturn. It is impossible to continue on the path of dramatic growth. With all the current factors affecting our nation's financial matters, it is hard to be optimistic. I'll try to name a few issues pointing to massive recession nationwide: the mortgage mess, overvalued home prices, collusion between real estate agents and lenders, large scale cutbacks at large financial institutions, Low unemployment(***HUGE number of low paying jobs***), gas prices, electric bills, weak dollar, increasing prices of imported goods, near record high Stock Indexes, health care costs, social security drying up soon. That is just a few. I've said it before, recession is imminent. History does repeat itself, especially in the stock market. Over time, especially following record high-points, declines in major indexes follow. I wish I had the answers to begin to correct these issues, but there is no easy solution. I can provide my opinion, though. The USA became so powerful due to the hard work of proud citizens. The people were the key asset. Today we are outsourcing that key asset. We MUST put in place systems to promote education above everything else. Keep the technology here, keep the jobs here, and export the knowledge. It's a win, win, win. (I learned that in sales) The current path is dismal. There are many children left behind. We NEED intellectuals in positions of power. Just think if more Americans were educated, there would be far fewer social problems. I believe that the current situation (mortgage mess) is due to stupid people not knowing enough to read the fine print; people that are extremely impulsive and so easily persuaded to get the best deal without first examining the consequences of their actions. (Just look at our voting system. Millions Of uneducated and uninformed people voting. Idiots that are more concerned about abortions than international relations. I'll stop there) Of course, in an ideal world, the education solution would work and everyone would be happy. Unfortunately, war, terrorism, taxes, and poverty are unavoidable. Sooner or later, things will get worse. The only sure bet is Google. They refuse to split shares and continue to make strategic acquisitions. I am predicting Google to soar above $1000 next year. Put that on record. My Latest Rant - Enjoy!

Seems like the punch bowl is drying up and people are beginning to see the hard truth. California is due to see some sort of downturn. It is impossible to continue on the path of dramatic growth. With all the current factors affecting our nation’s financial matters, it is hard to be optimistic. I’ll try to name a few issues pointing to massive recession nationwide: the mortgage mess, overvalued home prices, collusion between real estate agents and lenders, large scale cutbacks at large financial institutions, Low unemployment(***HUGE number of low paying jobs***), gas prices, electric bills, weak dollar, increasing prices of imported goods, near record high Stock Indexes, health care costs, social security drying up soon.

That is just a few. I’ve said it before, recession is imminent. History does repeat itself, especially in the stock market. Over time, especially following record high-points, declines in major indexes follow.

I wish I had the answers to begin to correct these issues, but there is no easy solution.
I can provide my opinion, though. The USA became so powerful due to the hard work of proud citizens. The people were the key asset. Today we are outsourcing that key asset. We MUST put in place systems to promote education above everything else. Keep the technology here, keep the jobs here, and export the knowledge. It’s a win, win, win. (I learned that in sales) The current path is dismal. There are many children left behind. We NEED intellectuals in positions of power. Just think if more Americans were educated, there would be far fewer social problems. I believe that the current situation (mortgage mess) is due to stupid people not knowing enough to read the fine print; people that are extremely impulsive and so easily persuaded to get the best deal without first examining the consequences of their actions. (Just look at our voting system. Millions Of uneducated and uninformed people voting. Idiots that are more concerned about abortions than international relations. I’ll stop there) Of course, in an ideal world, the education solution would work and everyone would be happy. Unfortunately, war, terrorism, taxes, and poverty are unavoidable. Sooner or later, things will get worse.
The only sure bet is Google. They refuse to split shares and continue to make strategic acquisitions. I am predicting Google to soar above $1000 next year. Put that on record.

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