Saturday, April 4, 2009
Monday, March 23, 2009
The Meltdown
I just saw a television commentary on predicting the state of the economy. Of all the economists who are read, seen, or recognized such as the United States Secretary of the Treasury, everyone now is aware that no scientific tool exists that can predict the world economy. It has been assumed that since Enron and deregulation the financial institutions saw no end to profitability. Depressions occurs about every forty years and that's a fact. Baby boomers are not buying. only the next generation will create demand for consumer goods. Young people will not buy huge houses but will probably buy condos, and will probably not live in suburbia. I always bought stock in Presidential voting years because Americans also raised hope for change and markets responded accordingly. This year, although Obama was the new hope, everyone knew that the economy was starting a tailspin Too many bought futures in energy causing distortions in the market. Doesn't this strike the reader of the last recession when junk bonds were understood for the first time. Overinflated values saw many investors acting like lemmings. Ponzis are still part of the U.S. landscape. Risk is risk but when greed exceeds common sense then who is to blame? Perception being what it is surely Americans understood the costs of war in Iraq and Afghanistan. National debt doesn't just go away. Of the G20 17 countries are now raising tariffs. Sadly protectionism will just exacerbate this recession and the U.S. is leading the charge. As the world turns so does the U.S. economy.
Thursday, May 29, 2008
Thursday, January 31, 2008
Thursday, January 24, 2008
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