The Dow Jones Industrial Average has closed up 23 out of 26 days through Friday. As an investor, this sort of thing makes "The Skeptic" nervous. Feels like 1929. Or 1989 in Japan. "The Skeptic" wonders though, how much main street is partaking in this orgy of bullishness.
Here's what we know. We know the economy is slowing. We know inflation is above the Fed's comfort zone (not even accounting for the fact it's vastly understated to begin with). We know America is swimming in debt.
The Fed is trapped. Higher inflation, slower growth. Stagflation? If the Fed cuts rates to respond to the slowing economy and/or the housing debacle the already weak dollar will get punished. This is why "The Skeptic" has gold and silver in the safe. Just in case.
Saturday, May 5, 2007
Republican Presidential Debate
"The Skeptic" had to root for Ron Paul. That being said, Mitt Romney had the strongest showing. He's polished and articulate. He wants to eliminate capital gains and dividend taxes and that's a beautiful thing.
Other frontrunners for the nomination...Rudy Giuliani fumbled. He finally said he supports a women's right to choose but Chris Matthews had to beat it out of him. Apparently he was the only one on stage to support that right. Sad. Speaking of, John McCain came off as too rehearsed. He's also too wrong on Iraq. Don't see how gravitating to Bush's positions is going to help McCain. "Stay the course in Iraq or they'll follow us home." That's garbage and people don't want to hear that anymore.
Tommy Thompson thinks a business should be able to hire/fire based on sexual orientation. He's back-tracking on that one today. Otherwise he has a commonsense approach on Iraq and little charisma.
Kansas senator Sam Brownback was by far the scariest of the bunch. He sees no separation of church and state.
Ten white white white guys. Three of which don't believe in evolution. Jackasses. Sigh. Nine of which firmly oppose a women's right to choose.
Other frontrunners for the nomination...Rudy Giuliani fumbled. He finally said he supports a women's right to choose but Chris Matthews had to beat it out of him. Apparently he was the only one on stage to support that right. Sad. Speaking of, John McCain came off as too rehearsed. He's also too wrong on Iraq. Don't see how gravitating to Bush's positions is going to help McCain. "Stay the course in Iraq or they'll follow us home." That's garbage and people don't want to hear that anymore.
Tommy Thompson thinks a business should be able to hire/fire based on sexual orientation. He's back-tracking on that one today. Otherwise he has a commonsense approach on Iraq and little charisma.
Kansas senator Sam Brownback was by far the scariest of the bunch. He sees no separation of church and state.
Ten white white white guys. Three of which don't believe in evolution. Jackasses. Sigh. Nine of which firmly oppose a women's right to choose.
A Theory from the Skeptic
Generally...Democrats are wrong on economic issues. Republicans are wrong on social issues.
Welcome, I suppose
My intention is to voice my opinion. Provoke thought and exchange of ideas. As well as enrich myself through this exercise in articulation.
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