Comments on: The Real State of American Wealth http://dailyreckoning.com/the-real-state-of-american-wealth/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Sat, 11 Feb 2012 01:59:47 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Daniel http://dailyreckoning.com/the-real-state-of-american-wealth/#comment-24824 Daniel Sat, 12 Sep 2009 19:28:22 +0000 http://dailyreckoning.com/?p=18321#comment-24824 I love this site, but there should be a gigantic disclaimer on it. Just go to the "Related Articles" section of this page... go. Do it now. The one from April 1, 2003. Read it. OK, what do you notice? Doom and gloom? Yes, I thought so. Notice how they were predicting a deepening recession? How about the prediction of the imminent collapse of the bond market? Got all of that? Did it happen... sure it did! We went into a recession and the equities market collapsed... almost five years later! I'm still waiting for that bond market collapse that Mr. Fry was so sure was going to happen. Gloom and doom is the channel that this space is permanently stuck on. And, yes, I am with them and all of you reading right now. That's why I come to this blog every day. I do believe America is in a great deal of trouble. But I believe this blog is doing a great disservice to people by hammering away at that point, as if it's all going to happen TOMORROW OH MY GOD. We need to beat on some other drums. I love this site, but there should be a gigantic disclaimer on it. Just go to the “Related Articles” section of this page… go. Do it now. The one from April 1, 2003.

Read it.

OK, what do you notice? Doom and gloom? Yes, I thought so. Notice how they were predicting a deepening recession? How about the prediction of the imminent collapse of the bond market? Got all of that? Did it happen… sure it did! We went into a recession and the equities market collapsed… almost five years later! I’m still waiting for that bond market collapse that Mr. Fry was so sure was going to happen.

Gloom and doom is the channel that this space is permanently stuck on. And, yes, I am with them and all of you reading right now. That’s why I come to this blog every day. I do believe America is in a great deal of trouble. But I believe this blog is doing a great disservice to people by hammering away at that point, as if it’s all going to happen TOMORROW OH MY GOD.

We need to beat on some other drums.

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