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<p>[QUOTE=&quot;jolumoga, post: 1723907, member: 41780&quot;]I wouldn&#039;t be too optimistic in the long term and here&#039;s why.&nbsp; In 2000, the dot-com bubble blew up.&nbsp; In 2008, the real-estate bubble blew up.&nbsp; What they both have in common is over-leverage and low interest rates that enabled the bubbles.&nbsp; Today, the Fed lowers interest rates to stimulate the economy.&nbsp; So, arguably, the Fed has run out of tools to keep the economy afloat as more Baby Boomers retire and swell Medicare and Social Security obligations.&nbsp; However, it may take <i>years</i> for this system to crash.&nbsp; I think the doom-and-gloomers (myself included) are starting to come to terms with the fact that a hobbling system such as the one we have can stay functioning for longer than many expect.&nbsp; This isn&#039;t the 1950s and &#039;60s anymore.&nbsp; So perhaps the militarism of the U.S. has something to do with the realization by the elites that extraordinary measures are needed to keep the American engine running.[/QUOTE]</p><p><br /></p>

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