Quote:
Originally Posted by crockett
In the 30's we were a nation of producers, now we are a nation of consumers.
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Precisely.
When WWII started, the manufacturing boom helped kickstart the economy.
Now - much of that manufacturing no longer exists. i.e. Bethlehem Steel in PA.
Its going to take visionary leaders with unique and innovative strategies to turn things around this time.
These failing banks and Wall Street volatility are signs of the times.