Rick Newman

The Smart Money's Gloomy Scenario

April 9, 2009 RSS Feed Print

I moderated a panel discussion recently with some top Wall Street investors - who are a lot more pessimistic than most of us. Here's what they foresee:

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soundtracks of AL 6:00AM July 17, 2009

I agree with the propositions in the article, but not all of the comments posted. Reagan was a great president, but those who got elected on his political coattails got obsessed with his rhetoric and carried his conservative ideals to extremes. Enough of the Left-Right ideological arguing. In general, Chaos Theory, based on observation of natural systems, explains well how the inner feedback loops of any system inevitably correct the excesses and abuses. American pragmatism and common sense are driving the corrections, not "left" but back toward the center. Reasonable persons can disagree with "how" this best occurs for the good of the whole, but casting ideological roadblocks into the path of emerging centrist policies make no sense at all. True patriots admit mistakes were made and move on.

Edward Bickford of VA 10:57AM April 14, 2009

Most of us with economic and management training prior to 1975 have felt uncomfortable with the changes to our system and values that have taken place since about 1970. The changes have reduced our ability as a nation to manage recessions and prosperity within our borders as well as the security and peace that allows us to live daily lives. Many reputable academics and consultants warned us in the 70's and onward that the proposed changes being enacted and the inexperienced people being empowered would change the very fabric of our lives. Unfortunately no one listened and we sought world peace and global security by dismembering the very ways our society made itself great and a beacon to the world. Many foreigners seeing what has happened to Americans do not want their countries to be like us any longer. We have dropped from one of the highest per capita incomes to one of the lowest in the industrialized world. Globalism, the new world order, and supply side economics have failed us!

Kip Walls of OK 2:39AM April 14, 2009

The Smart Money's Gloomy Scenario

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