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Why the American economy is not going to fail - take a lesson from Poland [48]
dcchris why typical? Have you ever heard of Alfred Pareto?
The sky is not falling. We world is not running out of rice like, was hyped on the US media this spring, last year it was mad cow in the US, and no one was buying meat. It is all very amusing to me. Just watch CNN and gee wiz you will be a free thinker in no time.
About buying Russian Stocks. Many are undervalued. LUKOIL is trading well below where it should be, and it sits on huge reserves in Siberia, depending on Russian tax reform it could be a good play. But I am not a speculator of that sorts. I perfer PCZ a Candian Oil company that sits on huge sand oil and more politically stable.
But the bottom line is even with a recession or a downturn in the market capitalism, the US, etc is only going to get better in the long run for those who have courage to use their talents given to them.
Look I live in Poland. I am not some foofy American. I even heard in America when Oil was hitting 1 dollar a liter, the news was saying this was destroying the American family and way of life. In Poland petro is almost 5 pln and no one is saying that. I do not even have a car.
The sky is not falling. Take a perspective from the Polish people. The world will go on and south Park and the internet and blogs and Whole foods super markets will not be turned off and closed down.
ps just just to clarify, I said I am not a foofy american but I am american, I just have lived in Poland for many years. I do not want to give Poles a bad name by people reading my posts, thinking someone so brash as myself was born in Poland. :)