Ladies and Gentlemen, here is a thought....and it may be far out which is not a long shot by any means, but maybe the economic crisis will allow us to do what is necessary, by not having all those people employed at jobs that were no longer needed, energy consumption around the world would be curbed and a new means of development and research into renewable sources of fuel could prosper and flourish? For there is a need for a green revolution and not just green talk, and no I'm not talking about Michael Phelps. But since I brought it up, what a hypocritical society we live in, when it would have been okay for him to drink a 6 pack of beer or even have done a beer commercial, but getting caught taking a hit off of a bong, oh jeez, please, oh my, he shouldn't be doing that. That's crazy. That's wrong and in poor taste. The outrage. How many times have you heard, killed by a drunk driver? Now how many times have you heard, killed by a stoned driver? Not too many. Brought to you by the good people at Anheuser Busch.
How about our new Treasury secretary, Timothy Geithner, and his plan for saving the Financial institutions? Another $1 to $2 trillion or more for the banks who can't handle our money or invest it wisely, and the details are what again? Oh, that's right, you didn't say. Good plan. That inspired a lot of confidence in the investors. Wow. Change has come to Washington, huh??? Sounds like more of the same, throwing gasoline onto a wildfire of money and watching it burn.
But yet I remain hopeful and confident that this turbulent time will be one of invention, catharsis and growth. It may just be the best time to invest in the market since the mid 80's. If you have 20-30 years to watch shrewd investments develop into retirement funds instead of relying on a soon to be non-existent social security program, the future looks very bright indeed, if it all doesn't end on December 22nd, 2012. Buy low, sell high. It can't get much lower can it? Imagine if they had privatized social security the way W. had wanted? Leehman Bros. and Goldman Sachs in charge of your social security account? Good call. How about if you just wrap those up in some mortgage backed securities if you will? The economy is fundamentally strong. Remember, as Thomas Friedman says, "The stone age didn't end because they ran out of stones."
Creation requires destruction. Renewal. Rebirth. Strength and courage. Adversity develops character. I hope.
Until next time, open arms and open minds.
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