You know, someday, workers in the USA will be happy to have a job, any job.
We are a spoiled nation, spoiled by an increase in debt and the reason for that is the 33 Trillion dollars and climbing unrestrained spent by our elected officials.
For some reason Americans feel they deserve more but the only reason for that is we are borrowing money, it's not real productivity that is making the country feel rich.
Anyway, I think people will be in for a huge wake up call in the next decade. Time will tell. I do think the stock market will continue to rise until the day Americans realize that our economy is built on nothing but borrowed money.
So in the meantime if one REALLY thinks about it, the market has gone nowhere for years now. One can almost look at it as a consolidation for the next leg up. I do think we will have that next leg, but watch out in 5 or 10 years. I mean sooner or later we cant keep paying 500 billion a year in interest charges and with the debt going up unrestrained who knows when we will have 50 or 60 trillion in debt and one trillion a year in interest payments.
Soooooo ... sooner or later the bus will stop and come crashing down with NO money left to borrow for a soft landing but as Americans we keep voting for continued borrowing as we have for the last 15 years. The first mistake was 2008 when Americans decided not to be uncomfortable during the financial crisis. Once that door was opened then end was determined. We would ahve been better off with a great depression and debt free today, than borrowing.
http://www.usdebtclock.org
how long can this continue before the stock market is impacted? So far there is no slow down. The country debt ratio has never been higher in modern history and climbs every second of the day. It's the most immature thing we can do but that is what we have become.
People are out to lunch, embarrassing!
