Interesting Facts about civilisations

“The average life span of the world’s greatest civilizations has been 200 years … Once a society becomes successful it becomes arrogant, righteous, overconfident, corrupt, and decadent … overspends … costly wars … wealth inequity and social tensions increase; and society enters a secular decline.”

The same happened with United Kingdom. The same would happen with the great USA.

Rise : Fall, Fall : Rise

Hi friends, in last two years (i.e-2008 jan to 2010 jan) we have seen some extraordinary moves not just in asset markets but also the way humans behave during boom and burst. In Jan 2008 the mood was of extreme optimism, future full of bright prospects, uninterrupted prosperity so on and so forth. An year later (i.e just 365 days later) the pendulum was on the extreme opposite side with extreme pessimism all around. Again a year later (i.e Jan 2010) we the mood swing back for better to near extreme optimism. Is it just a mirage extrapolated media and few companies or something truly has changed in such a rapid pace? Or Is it just a pingpong ball bouncing back due to hard landing?