Thursday, August 11, 2011

I gave at the Markets

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The prez added $9.5 billion in regulatory red tape last month... adding 229 new rules and finalizing 379 new rules. He also aided and abetted a loss of $5,000,000,000,000 in stock markets around the world...what a guy.

The race to hard assets has begun. As well as the "dead cat bounce."

Taxation without Representation.....the newly appointed Super Committee will make last weekends debt agreement look like a picnic....We can't wait for their Thanksgivings results.

Make hay while the sun is shining!

Wealth held by the top 1% of the population peaked in 1929 at 44%. Today it is around 35%.

Tax reform.... not tax raises!

By the way the last time the markets went straight down for so many days was when the peanut farmer was president in 1978....remember too that the press/ media said than he was the smartest man to ever hold that office.

Danny Boy seen here driving around