DJIA dow jones industrials

yanks have lost it, page-23

  1. 8,001 Posts.
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    Yes the companies that actually make stuff, actually create wealth are doing fine and will do better with depleting dollar value.

    The smartest guys who operated highly flawed buisiness models on mountain of debt calling them sophisticated instruments pocketing most profits to themselves and employees leaving investors the bones to lick on will have no value in themselves as seen in Bear Stearns take over.

    US will have to get back to manufacturing and there is no better opportunity than the crashed dollar to do that. Uncle Sam got the total know-how package, structure and labour to do that. Send the swindlers packing and get back to basics.

    Sadly, we encourage these cowboys to operate in our markets even with tax benefits for borrowed cash unlike other markets. Time the government pork finger into ASX affairs which operate like those 'smart' yanks solely on self interest.
 
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