The US Economy an Internet Bubble ????

[Bruce Willis]

The US has an gigantic national debt and will only become bigger in the next few years now they spend so much on security and helping other countries.

Still everyone believes in its economy.

Did they spend too much money on issues like the military, subsidising gas&patrol (?compared to europe) etc.etc.

How long do we keep our faith in the US from an investor point of view ??

It sounds a bit like the Internet Bubble thing...

[wiseacre]

Got pins!

[cactus]

Rentier capitalism is a failure but a transnational band of oligarchic cronies had a big party on the way to the crash.

[wiseacre]

The president and the vice president are still wearing the party hats, and are still drunk on overindulging in the oily punch bowl.

I guess in that state of stupor, it is easy to look cross-eyed at the world and give vent to deep-set neuroses.

Heh heh, still have pins.

[Joseph27]

The entire economy is built on perception - The US keeps borrowing dollars after dollars and builds up the world economy - which is very much consistant with a foreign policy aim of constructing and stabilising markets to trade in.  There is a bubble but frankly as long as the military might is so overwhelming - everything else will just continue - the problem is that modernity as propagated by the US is not sustainable - rather the opposite.

[wiseacre]

I am afraid my pins will not be enough then.
Gotta get help from those who have a bigger peeve and motorised pins, he heh

[cactus]

unsustainable economics is usually inflated, deflated or militarized away.
According to 60 year economic cycles, we've past the part where depression occurs but we're in the early part of a long-term upturn, even though the financial underpinnings could win a fiction prize.

Guess that means inflation and a war here and there. Forget about stocks, get your seatbelts ready for a 20 year commodity ride. They'll keep raw materials down for a few more years but after that, the top will blow off them.