Sunday, May 31, 2009

Real Capitalism

I hope America goes is this direction. We don't need Gordon Gecko capitalism. But we do need real capitalism. The kind Dave is talking about.

http://www.hulu.com/watch/74840/the-dave-ramsey-show-frid-may-2-2009

I do disagree with Dave about the severity of this recession. I think it is going to be much worse than he does. I also disagree with his current assessment of the stock market. If you have a fifteen to twenty year time horizon you might do well, but I think you will see prices much cheaper before the timing is optimal. Same with real estate. I think he is much too optimistic.

However, his brand of capitalism is what I hope will emerge when we eventually heal and start to grow again.

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