The Economist: China Is Betting the West Is In Irreversible Decline.
Paul London wonders . . . will the opposition party allow us to compete?
He argues it will be impossible if China keeps growing 3 or 4 times as fast as we do . . . and that the President’s infrastructure programs are the way to surge U.S. growth so that we can.
RECAF: In the “nothing is easy” department, here’s the bearish case (or one of them, anyway).
Asked abut it, my guru replied: “This is commonplace in the oilfield. In south Louisiana, oyster fishermen would get damage to their oyster properties when oil companies operated on a shallow water state lease. Sometimes they sue. Sometimes they win. The farmer will get something. Life will go on.”
Even so, having had such a quick triple, consider selling some so from here on you’re playing with house money.
Quote of the Day
I like to buy [stock in] a business any fool can run because eventually one will.~Peter Lynch
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