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BAR

wrote:
On Tue, 01 Jan 2008 15:59:53 +0000, Short Wave Sportfishing wrote:

In my opinion, and this isn't scientific economic analysis by any
stretch, we are shifting back to a more conservative economic approach
to spending on a consumer level - perhaps a more thrifty approach to how
we approach spending would be a better way to say it. Increasing equity
in homes, a more realistic approach to expectations - that kind of
thing.

Unbridled consumerism has seen it's day - I think.

That will surely crash the world's economy. ;-(

We still have about 30 to 40 years of near unbridled consumerism to go
in China. That economic engine is just getting started. It will be
interesting to see if the inventive and entrepreneurial brains of China
will come to the surface and actually flower.

The guys who missed the economic boat are the Russians due to their
former lords and masters, the Soviets, screwing up that country full of
intelligent and resourceful people.