Is that really true?
One reason what is coming up repeatedly is a war that has gone bad and this has led to a lot of negative publicity for US forces & this negativism has projected itself onto the world economy.
2 words to those who ascribe to this theory - absolute humbug!
Paul Krugman states: In the late 1960s America had a terrific, full-employment economy; it also had a deeply unpopular war, a crime wave, an explosion in the welfare rolls, and a general sense that the country was on the wrong track.
And the economy was going great.
So what happened now!
Erroneous Federal Reserve policies, the US debt, the asian surplus feeding the US debt and it required just one thing to unwind. Usually its like all the erroneous policies clog onto a small hole and the errors keep piling up till it finally gives way.
This time the unwinder was the housing sector.
Actually we are pretty selfish species, people die, people don't have proper housing or clothing and people have wars, but for those economies that can carry ahead will.
For those of us who know where to make money will even in times of war, peril and famine.
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