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Investment Analysis Clubs / Macro Economic Trends and Risks
|Subject: Wealth Creation||Date: 10/10/2012 9:27 AM|
|Author: qazulight||Number: 405668 of 476080|
"There is no question that our health has improved spectacularly
in the past century. One thing seems certain: it did not happen
because of medicine, or medical science, or even the presence of doctors.
"Much of the credit should go to the plumbers and engineers
of the western world. The contamination of drinking water by
human feces was at one time the greatest cause of human disease
and death for us...(but) when the plumbers and sanitary engineers
had done their work in the construction of our cities, these
diseases began to vanish. "
Lewis Thomas (medical researcher and essayist)
More Quotes at:http://www.plumbingsupply.com/quotes.html
Earlier when I was talking about economic cycles being driven by new wealth creators, someone mentioned that the auto industry was now making record profits. This is not what I was talking about. I am trying to point out that at the beginning of a true generational economic expansion, some new thing coupled with a new way of doing things creates wealth throughout a society.
The above quote, while not talking about a cyclical game changer, shows just how a non-flashy technology coupled with a new societal idea (new ways of doing things are not limited to business practices, government intervention, or even an organized think at all it could be a ideological or broad religious movement.)
Something like this, a coupling of technology with break out thinking will drive the next economic growth cycle. Looking at the charts and calenders, what ever it is, it has started.
Qazulight (Get your head up! Look forward not back.)
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