My How Stock Analysis Has Changed
In the old days, the buzz between the analysts and the businesspeople was about rising revenues, rising profits, producing more and more.......
Today, it is about how little we lost, how little revenues declined, or how much better we did than our competitors.....as we produce less and less.
In an age where more and more are depending on less and less production....prepare for a lot of fights to break out on who has the right to that production....
The Welfare Recipients
It is impossible to collectively service debt when production is declining.......hence we have millions unable to pay mortgages.
People get really really angry when life can't meet their expectations....now the only question is how will Obama generate enough production to meet everyone's needs now that the bankers have cut off credit.....
Clearly that is impossible based on the current environment.
However, war has always been a good way to get people to produce cheaply and temper their expectations......
So is slavery.......
In the end....we must produce a massive amount to sustain our massive economy......it is strange how little is being discussed about declining production, absent government borrowing and spending, by our analysts these days.
Everyone is looking at the ticker as production collapses to levels not seen in over a genation against a debt load that needs to be serviced not seen in history.