Well it's been about 8 months since I last posted on this blog. Been letting the world try to sort out all the problems that we have, but I'm not so sure that things are going the way we want them just yet. I'm amazed at the resilience of the markets, but I am fearful. I feel that there is massive manipulation in the markets overall and the little investor is getting screwed. There is no rhyme or reason as to any of the events that are occurring. I feel that we don't really have a chance to profit while the big time players are completely in control.
Let's think about it for a minute. You can't believe what the government is telling you when it reports numbers. Unemployment is over 10% and rising. The only reason that companies are reporting numbers that beat estimates for earnings, is because they are slashing staff and overhead. They are also running a crazy cycle of ups and downs, that will have issues later. There are no jobs out there. Because of that, retailers don't have goods to sell and don't make money. Health of people suffers. and the biggest problem is that we continue to go into more and more debt. Individuals have more credit card debt, not less, mortgages aren't being paid, care defaults are beginning, and we have been taught this by who else, our famous Uncle Sam.
We cannot continue on this pathway. Our country is no longer the class act that we were. We are a debtor nation and have been and will only continue to be more and more in debt. We have to stop. The government has to stop. They can't play their games at getting rid of debt either, it simply has to stop. We have to trim the fat. I'll continue my rant later.
Tuesday, December 1, 2009
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