[bruinbirdman]

"I simply find it fascinating that everyone thinks this time is different, the USD will never recover, and that current economic trends will continue forever. That is the best way to lose money ever."

I like the Profs scenario better.

Chicken little was hollering during the S&L scam. LongTermCapital was the original hedge fund fiasco that was supposed to ruin the world economy. DotCom bubble was the end of the world. Enron and energy futures frauds ruined the country. 80 dollar oil is unbearable. Real estate bubble burst. Unsecured debt is hurting the little guy.

It appears the US economy is huge for a reason and relatively stable over the long haul. Ooh, ooh, ooh. Long term, diversified, balanced, dollar cost averaged investments sounds like a winning plan in the U.S.A.

The discussions of the intricacies of the economy, I find, are facinating.

yitbos

[Professional]

It is fascinating. But a bit like Rugby or Cricket, unless you know what the heck the rules are, it looks completely insane.

I think in America, even more so overseas, the end of the world stuff is so fascinating, and everyone can get in on the fear, regardless of knowledge.

PS,I don’t know a darn thing about Rugby and Cricket...