Monday, October 25, 2010

In Conclusion

We thought it might be appropriate to summarize what the current leadership has done for the country in the last 24 months........this could be helpful when going to the polling stations next week.

-) Debt has increased $5 trillion since the current speaker took office in 2007. She is the 60th speaker of the house....and she alone has added more to the national debt than the first 57 speakers combined. She pledged in her inaugural speech, "no new deficit spending".
-) Fannie and Freddie will need another $500 billion (in losses) and is already.. for all practical purposes nationalized.....do you see anybody asking them about this? Who is running this division of government??
-) The countries largest car manufacture (the old GM) currently run by wdc,llc....and "saved" by the politicians/ lawyers....do you hear about it anymore?? How is the IPO coming...who wants to invest?
-) The US dollar....oh yea....down another 10 percent...IN THE LAST FEW MONTHS
-) Who is replacing the folks leaving wdc, llc?? Don't know any.
-) Gold new highs...WHY?
-) Anybody asking about the $1 trillion being spent on Afghanistan? Record losses of military personnel...
-) Manipulated interest rates in front of the election? Now truly negative....more borrowed money...no press coverage any more.
-) Majority of Americans what to repeal health care.
-) How are the middle east "peace talks" going.....hummm no press coverage there either....
-) The states will lose how much?/ maybe around $200 to $400 billion in the next year or two.

In fact there is no press coverage about much of anything anymore.

The newly seated congress in January will have the privilege of telling the truth to the American people...

China's stock market continues to out perform.

Oil holds and looks to be breaking higher soon.

Gold may not correct any more....we'll see.....

Globally focused stocks/ equity are one of the few beneficiaries of inflation though the debasement of currency. Cash and bonds are not.

Danny Boy not seen here... is too embarrassed for his country right now.