Reply #145: I agree with you Notesdev

[Grinchie]

After the Enron fiasco Bankrupted California the first time, and caused the state to finally put the nail in the coffin of the IT industry as far as I was concerned, I devoted the last 6 years of my life to understanding how the economy works, and learn what to watch, and how to interpret wildly disparate indicators of the economy.

The most important aspect of the economy that I discovered is the simplicity of it when you focus on Fundamentals. Everything else is fluff, manipulation, and control, either by the Fed, Hedge Funds, Goldman Sachs, Government intervention, Military, etc.

The cheerleaders here seem to think that some etheric improvement showboats a recovery, but they are the same people that think that consolidating unsecured debt by taking out a second mortgage is a good idea, just like they read about in the magazines that "Advise" them how to handle money. They don't realize the massive quantities of money that the top 1% has to manipulate the Stock Market on a daily basis, nor do they consider the tremendous damage done to industry by supporting a useless standing army, which needs periodic conflict to justify.

History is repeating itself, and the cheerleaders are still in a dream state.

No, the Commercial sector has been lobotomized, and the only way to rebuild them will be via capital investment here at home, but alas, China has the resources, raw material, tools, etc that will be required to refit all the empty derelict industrial spaces , and that isn't going to help our economy in the slightest.

The number of Heavy Industry location in the Bay Area continues to stagnate and decay. Sitting empty for the 3 years I've been staying in the Bay Area, and the outlook is pretty grim.

The carrying costs must be staggering.