View Full Version : Fall of Rome? - Wall Street's long, dominant run is fading...

10-01-2008, 09:56 AM
Financial hubs see an opening up at the top (http://www.msnbc.msn.com/id/26964201/)
Fall of Rome? - Wall Street's long, dominant run is fading, global financiers say

Fan, an investment manager at Guotai Asset Management, which oversees funds valued at about $5.1 billion, said that despite the country's inexperience in the financial sector, China has a rare trump card: mountains of cash.

"It is inevitable," he said, "that we will take the U.S.'s place as the world leader." Has the world changed that much? Have we become the Roman Empire of our century?

One of the faults of the Roman Empire was comfort. People in Rome began to believe they could not be matched in military, economics, and innovation. As a result of their confidence and comfort, Romans became complacent with their place in the world.

Some theoretical causes of Rome's downfall include -
1 - Inflation
2 - Poor leadership during a war
3 - Social decay

Economic problems includes the lack of circulating currency, the lack of a trade deficit, environmental changes, and a decaying infrastructure.

Military problems occured when citizenship was granted to all, and the government reduced the incentive to join the army.

Are we the Romans of our time?
I think we are heading in that direction, but we are doing some things better.

Ray Jones
10-01-2008, 11:01 AM
Nothing is as constant as change.

That is all.