Thursday, May 22, 2008

Amazing economic fact:

"In the last 25 years, we've had only 3 down quarters." - Former Secretary of State George Schultz,in an interview on Bloomberg, promoting his new book "Putting Our House in Order: A Guide to Social Security and Health Care Reform."

We sure don't hear messages like this often enough. Our economy has been in decline only 3% of the time over the last quarter century. I'd certainly say that I hear bear arguments or outright doom and gloom way more than 3% of the time.

And while the current view of our economic future may be dominated by the current financial crisis, there's still every reason to believe that global growth, opening economies, and IT and communication revolutions will continue to propel the world and US ecomies upward, as best outlined by Peter Schwartz in the classic Wired article The Long Boom.

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With my new friends on the Great Wall of China

With my new friends on the Great Wall of China
Click to go to my online photography

World sun clock

Uncommon Man's Creed

"I do not choose to be a common man. It is my right to be uncommon -- if I can. I seek opportunity -- not security. I do not wish to be a kept citizen, humbled and dulled by having the state look after me. I wish to take the calculated risk; to dream and to build, to fail and to succeed. I refuse to barter incentive for a dole, I prefer the challenges of life to the guaranteed existence; the thrill of fulfillment to the stale calm of utopia. I will not trade freedom for beneficence, nor my dignity for a handout. I will never cower before any master, nor bend to any threat. It is my heritage to stand erect, proud, and unafraid, to think and act for myself, to enjoy the benefit of my creations, and to face the world boldly and say, "this I have done." All this is what it means to be an American." -- Anonymous