What does everyone do for work?

[Reef Pilot]

Originally Posted by Reef_Geek

Truth be told, everything goes in cycles... business, economy, stocks, real estate, fish poop...

That used to be the thinking. Tell that to the people in Greece or Spain right now. Doesn't look like their current cycle is going to end anytime soon. And the US might be falling into that too.

Eventually that can gets too big to keep kicking down the road. Our best hope now is China, and other Asian countries.

[Reef_Geek]

Originally Posted by Reef Pilot

That used to be the thinking. Tell that to the people in Greece or Spain right now. Doesn't look like their current cycle is going to end anytime soon. And the US might be falling into that too.

Eventually that can gets too big to keep kicking down the road. Our best hope now is China, and other Asian countries.

actually, world powers are in cycles too. I guess not so much as a repeating cycle, but more like a 'product life cycle' (think of all the different generations of video game systems, Civics, TVs etc...) where one is replaced by another. Shifts in world powers (and economic dominance) has shifted since there were societies. Former world powers like Greece/Spartans, Incas, British Empire, Spanish, French... and at present USA (since post WWII). It sure looks like China, Latin America, India are on the rise.

There's a book on this, called Ascent of Money by Niall Ferguson

Conveniently, here it is 4 hours on YouTube

http://youtu.be/4Xx_5PuLIzc

[Reef Pilot]

Originally Posted by Reef_Geek

Conveniently, here it is 4 hours on YouTube

http://youtu.be/4Xx_5PuLIzc

4 hours!!! I am sure I could read the book faster... Have you listened to the whole thing, or read the book? Is it worth the time? Is it really enlightening, or just political, ideological, or academic? I don't like to waste 4 hours of my time (could be watching my fish instead). My airplane and fish mags are piling up, don't even have time to read all of them. Have to keep my priorities in order..., just saying...

[Reef_Geek]

Originally Posted by Reef Pilot

4 hours!!! I am sure I could read the book faster... Have you listened to the whole thing, or read the book? Is it worth the time? Is it really enlightening, or just political, ideological, or academic? I don't like to waste 4 hours of my time (could be watching my fish instead). My airplane and fish mags are piling up, don't even have time to read all of them. Have to keep my priorities in order..., just saying...

lol!

No, then I don't recommend you spending 4 hrs on it. It's very much like Economics 101. Nothing ground breaking here.

[Reef Pilot]

Originally Posted by Reef_Geek

lol!

No, then I don't recommend you spending 4 hrs on it. It's very much like Economics 101. Nothing ground breaking here.

Good, then I will just continue to waste my time on canreef...

[Doug]

[11purewater]

yes please