The cab driving economist
Daily Reckoning
by Richard Daughty
02/27/06
There are certain unorthodox economic indicators -- like when servers at restaurants start coming home with less money in their pockets at the end of a shift, or when a movie theater is surprisingly empty on a rainy Friday night. ... Resistance, denial,debt. We Americans are a people in revolt against fate. Wealth and power are migrating from West to East … our empire is peaking out … our dollar is doomed -- if only we could take it more gracefully. Instead, politicians, central bankers and ordinary consumers want to dispute it, as if they could stop the tides of history, like Xerxes's troops doing battle with the waves...
http://www.dailyreckoning.com/Issues/2006/DRUS022706.html
Informant: Thomas L. Knapp
by Richard Daughty
02/27/06
There are certain unorthodox economic indicators -- like when servers at restaurants start coming home with less money in their pockets at the end of a shift, or when a movie theater is surprisingly empty on a rainy Friday night. ... Resistance, denial,debt. We Americans are a people in revolt against fate. Wealth and power are migrating from West to East … our empire is peaking out … our dollar is doomed -- if only we could take it more gracefully. Instead, politicians, central bankers and ordinary consumers want to dispute it, as if they could stop the tides of history, like Xerxes's troops doing battle with the waves...
http://www.dailyreckoning.com/Issues/2006/DRUS022706.html
Informant: Thomas L. Knapp
rudkla - 2. Mär, 16:52
