Max Headroom

We are not sure why but every time we see (daily) WDC, LLC "telling us what is going on" this reminds us of Max Headroom. He was everywhere, knew everything and always seemed to know the inside scoop.

Events that should be happening are: 1) Our kids don't read the newspaper or watch "TV" news. It should be no surprise that circulation is plummeting in these services...and their negative spins are driving their businesses into the ground. 2) Those who are lucky to have jobs are working even harder to keep them...services are great and improving everywhere we go.....this is important....productivity is going to go higher.
3) Housing is going through a very orderly work out. To get a new mortgage takes time and real proof of need. Just like it used to be.....it was a privilege to get one in the 1980's. 4) Everything the Government touches is a disaster. This will continue to challenge the socialists agenda.....and slow it down. Mid Term elections and those running for them will challenge all this nonsense publicly very soon. That "what if" scenario developing is: Will Congress change course in 2010 and is the current President and the damage being done to the countries fiscal situation going to be reversed with a single term presidency. 5) The stock market now coming off a a 30 day period amongst the best run in almost 35 years able to hold its gains and current valuation....it remains a better value than bonds and cash.

Our third leg (of concern) was the anticipated collapsing of tax receipts..right on schedule as all the states are now scrambling to raise taxes for everything. This new President ran (and got into office) on two primary talking points.....lower taxes and employment. He has failed dramatically on both and is no longer able to lay blame on the prior presidency.

In the current fiscal year government spending has climbed 33 percent, Labor Department expenditures have more than doubled, Department of Heath 12%, Agriculture 18%. This is very simple math, Rising unemployment and lower consumer spending has tax receipts down 15% through March compared to a year ago. Who in their right mind would hire into a confiscatory styled government that is still early in it's socialisation efforts???

"You have a Congress that's lost its fear of deficits."

Danny Boy seen here is waiting for this all to come to ahead shortly....the Fed's buying of Treasuries (printing money) already is failing...i.e. higher interest rates and a lower dollar.