I expect there is money being made trading commodities (e.g., oil). Usually, the commodities and stock markets are counter-cyclical.
Peter Hollings -----Original Message----- From: PEN-L list [mailto:[EMAIL PROTECTED] On Behalf Of Doug Henwood Sent: Tuesday, September 27, 2005 11:00 AM To: [email protected] Subject: Re: [PEN-L] Dow Jones Stagnant jeff sommers wrote: >How much of this is a reprise of the 1970s? What's different, what's the >same...? So far, inflation is low (outside energy), the US postal workers aren't going on wildcat strikes and auto workers aren't sabotaging the line, and the "Third World" is, with a few notorious exceptions (Venezuela, e.g.) much better behaved. The US is, however, losing an imperial war. The parallel is that this decade, like the 70s, follows a two-decade boom (though the boom of 1982-2000 was much more uneven than the 1950-73 boom). Doug
