Monday, June 27, 2011

2008-2011 A period to reflect on

We sometimes wonder why men let themselves believe that their ill gotten gains will be swept under the carpet of time. Four years after the worst financial collapse of the last 60 years, we are still at the mercy of  central bankers who print money, politicians courting Investment bankers for campaign contributions and a serious lack of Statesmen who do the right thing over the expediency.
Why are there only two women Sheila Bair and Meredith Whitney constantly sounding alarms on the policies of foolish men.
We relish in the falling of people who fall on their own swords or those intent on exposing them in public! 
The Obama administration is now geared to a second term and its policies are those of incumbents and not those of true leaders. Courting Wall street handouts, pulling out of  Afghanistan are two quick ways to replenish the coffers and win the populist vote.
We believe the repeal of Ethanol production, a serious cut to defense spending and a total review of immigration policies in a much better agenda.
America is producing an amazing share of PhDs yet many of those budding entrepreneurs choose to take their education and go back to China, India, Brazil and start-up new ventures which once would have found home in Silicon Valley,  Boston or Austin.
The future is bleak and many a man are to blame...
I still wonder if Hilary would have done a better job!
In the meantime. an ear of sweet corn has gone up from 99 for a dozen to three for the same price. Gold has gone from $400 to $1500 and the list is long and painful to watch.
Hope you enjoy your summer and the oracles on Greece prove too dire to come true!