I don't know about anyone else, but I'm still making money on my investments......
I'm very glad to see the US stock market go into a correction mode. It makes shares of companies much more affordable.
The US economy is simply hitting the downside of its normal cycle. The problem for other nations is that now thay they are establishing real economies(except for China) they are feeling the truth behind business cycles.... 4 or 5 years of being in the upside of a swing is more normal, than the 7 years we had last time. Many times these cycles occur in the same timeframe as an election cycle in the US.
The way the US governmental system is set-up is partially to blame. Every four years we elect a President, all 435 House of Representitives members, 1/3 of the Senate, Roughly 1/3 of the Governors(the real source of power in the country), Roughly 1/3 of the state legislatures, and untold numerous local posts. Our overall governmental system is bottom-up, unlike many nations where it is top down. Our President has very little real power, whereas local governments control alot more of the day to day functions of the government.
