This list is so Garrulous

[Roger Oberholtzer]

On Mon, 2010-03-08 at 18:49 -0700, Collins Richey wrote:
> On Mon, Mar 8, 2010 at 8:19 AM, C M Reinehr <cmr at amsent.com> wrote:
> 
> > No, the US economy is bad enough (but recovering) but California's problems,
> > like Greece, largely are self-inflicted.
> >
> 
> There are conflicting opinions about that. Thus far the recovery (if
> any) has been jobless. The number of newly jobless folks is declining
> slightly, but there's no sign that any new jobs are on the horizon.
> Many stock market analysts expect another big dive any time. Most of

There is a group known to make good predictions...

> this situation (like California) is self-inflicted. The Obama
> administration has already spent most of the GNP for the next 3
> generations. Most of that has gone to various financial interests that
> don't and never will create any jobs.
> 
> These are bleak times.

In the U.S. yes. Other places are doing better. At least they are
spending less of the future today. I think the U.S. will find it
difficult to keep the dollar in it's unique position. When that changes,
the U.S. role in the world changes. It was a good 100 years. But that is
how this goes. The point is to do the change gracefully.

-- 
Roger Oberholtzer

OPQ Systems / Ramböll RST

Ramböll Sverige AB
Krukmakargatan 21
P.O. Box 17009
SE-104 62 Stockholm, Sweden

Office: Int +46 10-615 60 20
Mobile: Int +46 70-815 1696