Are the Good Times Really Over—for Good?

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James--Apparently, the fact that manufacturing revenues are higher than ever equates to a phantom manufacturing base in Leuthold's world. Not mine.
He's right on one thing though. We are a mature nation, at least economically speaking. And, when you have a $14 trillion GDP, you're not likely to have 4% real growth year after year. But, even at 2% real growth we produce as much new GDP as the total GDP output of a country the size of Hong Kong or Algeria or Norway.
When we were in the depths of the 1990-91 recession who would have thought that we were on the verge of enormous economic growth, not to mention the development of the Internet, WWW and entire new industries. IMO, the best is yet to come.
www.fundmasteryblog.com

Kurt Brouwer of CA 3:41AM March 28, 2008

Stocks would make bad investment as long as the Republican party continues to behave like the Democrats and the Democrats continue to move further to the left. Our politicians in both parties are behaving irresponsibly and destroying this great country. This plus an activist Fed, who would want to own stocks in this kind of environment?

of 8:19PM March 26, 2008