You’ve been hearing and reading all the naughty news about the credit industry and all the nasty things that its difficulties might mean to you, but is anyone considering the positive outcome that that major reset of the American economy could mean in the towering run? Being that I’m a cynical optimist (an oxymoron, I know), I have a perspective on that mess which many folks might not be thinking about.

I’ve been telling you since late 2006 that we have entered a world profitable shake down and that the biggest hindrance to further growth in the American economy is the fact that the balance sheets of American corporations are full. I quote the sudden spate of major acquisitions in pursuit of profit creation via consolidation as support for my opinion. As contemporary economics are conventionally structured, the only basis for profitable health

is regular growth. That makes the case for the necessity of that period of down slide only too palpable.

If we as a nation can financially hold it together for the next couple of years and swallow the huge bitter pill of a recession, when we come out on the other side of that mess we shall reap the incredible rewards of the “green economy” which is now in the process of being built. nowadays we are planting the seeds of America’s next profitable boom and I’m sorry to report that most of the rest of the world has mistakenly adopted our old patterns.

Continue reading Credit industry woes: One man’s perspective

Original post by Gary E. Sattler

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