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For the past year Ive regular conversations with a friend,hand woven carpets a great amount of money invested woollen blankets (HESA a man on the ridge crest has won year after graduating from advanced science from an elite institution). Is pessimistic about the long-term prospects for the U.S. economy, and believes that the current approach to increasing the stock market rally just a bear market. Even if the last statement of the year, said that if it were a market rally to bring unprecedented in size. Of course, I am also convinced what happened was not appealing to historical precedents for what in recent years.

Look at the comments began after pleading fears of recession in May 2007. I know that some commentators are regular readers of this day, so I hope everyone enjoys the confidence that has just silly. I use the term not be used to slander, but as an accurate description of arrogance and complacency on the screen. I told a friend that the credit crisis has been exaggerated in the summer of 2008, according to the conventional wisdom is idiotic idiot is that the great moderation was in force. I was wrong, and I did not get a word of contempt for my arrest for people like me, a fool who naively rely on the beast. I am a young man expected by some, be an excuse thats Illinois

With all this running then deep insecurity Ima tell my little green shoots of economic optimism to sprout here and seems to be confusing. Finally, I refused, but the market return is a mystery to me.

We know from historical precedent, senior market run economic growth in the future to announce. This is probably because investors pricing information received by the rest of us, and NBER, and thus gain a clearer picture of the future fate of the sources. But as my friend I understand a problem when the foundation is likely to lead to strong growth cycle. Luckily we're in my head, an unusual consumer credit. Thus, we can not fake growth driven by consumer debt, we must produce. But that new technologies lead to structural changes in the economy?

I do not see.