Economy

Obama Outlines Regulations Overhaul to Save Businesses About $10 Billion – Bloomberg

August 23, 2011
http://www.youtube.com/watch?v=hV-05TLiiLU”

I’m a little miffed about this article.  No, not the fact that it was written nor what was written but that we’ve heard the same thing before from the “Hope and Change” President.  Then why this article from Bloomberg and why now?

This post may not make many friends with those I call ostiches but it’s an op-ed piece.  I don’t believe I can wake the dead anyhow.

Here is a good example of “bait and switch”.  This is how it works.

  1. Listen to the concerns of the opposing parties’ complaints.
  2. Offer a dog-and-pony show to show that you hear the complaints and that you are going to do something about it.
  3. Place blame on others as to how we got here.
  4. Vilify the action of anyone speaking out as to really say, “We will really listen, and then ignore you because you are just really parroting the villains in this situation.
  5. Do more of the same.
  6. Move on.  [.org?]  

Change we can believe in?

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The Lost Decade U.S. Style

August 10, 2011

Different name but same style.

Japan reacted to a huge downturn to their economy by cutting interest rates and printing inflation, all which contributed to their EXTREME national debt.

Now the Feds have announced that record low interest rates, which started dropping in 2008 and are now near zero, are going to continue until 2013 at least.

So we’re half way to Japan but this will get us through the elections. Right?

We know who to thank but will we remember?

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QE3: Bernanke and the Potemkin Economy | MND

August 7, 2011

One more article that might make good reading:

The Soviet communists duped foreign visitors into thinking that communism was a viable and prosperous system by steering them to sham factories, stores, villages, etc. that appeared productive, bustling, and attractive. In reality, Potemkin villages were like movie sets, built to disguise the widespread poverty and backwardness that characterized life in the “workers’ paradise.”

via QE3: Bernanke and the Potemkin Economy | MND.

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An Open Letter To The President (Obama) via Zero Hedge

September 9, 2010

Don’t bother reading this if you’re an ostrich.

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End The Fed and Other Musings

November 20, 2009

Well, the taxes and regulations are are on their way. That got me thinking.

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A View From A Balconey

September 29, 2009

I’ve been looking at all the pundits debating the market’s direction. Here are a few of my perspectives.

It’s not what the economy is doing but what is thought it might do. Therefore, even if the economy doesn’t recover very fast the market may.

On the other side of this is that sooner or later the market will exceed expectations and make a correction. It happens when it’s going up and it happens when it’s going down.

Expectations can change at any time for any reason.

The media isn’t the first voices to restate expectations but they are the largest voice. All this means is that once the media gets on the bandwagon you’re late. If you watch the media it’s like you missed the high but see the pivot point forming.

Statistics can be skewed to meet almost anyone’s expectations but find the truth behind them and you can be assured that the facts don’t lie.

When looking what the statistics are saying remember to consider the sources.

And finally, there are people, many people, that can’t except the truth that there can be simplicity in such a complicated era. More on this later.

Good Trading,
Patrick

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