It’s the end game again. We’re transitioning from a regulated economy that held back the equity market, to a less regulated one that allows profits to grow more rapidly and create an equity boom. Microchip technology has been like throwing gas on what may have been a manageable fire. The real money is in the finance and equity markets now. Keep growing and live off of the take out loan – How many stores can Walgreen’s open? If they ever stop and need to finance debt with sales profits they’re toast. Same for Home Depot and even the poster child of quality, Tiffany’s. When you run out of ways to produce quarterly profits you have to spend more to advertise and push lower quality, cut wages and benefits, find cheaper ways of doing everything. That’s balanced by a government that doesn’t need to make a profit, but runs out of sources for revenue. For now this has resulted in a lot of artificial wealth that will either bust by a decline in equity or be burnt up by inflation. In time though the new quality will rise from the ashes. It’s a super cycle – nothing that can be fixed in four or eight years. I really do see the glass half full. I also see China holding the pitcher.

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89 300E
79 240D
72 Westy
63 Bug sunroof
85 Jeep CJ7
86 Chevy 6.2l diesel PU

"The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane."
Marcus Aurelius