Thursday, February 23, 2006

WAKE UP LEMMINGS

http://news.yahoo.com/s/ap/20060223/ap_on_go_pr_wh/ports_security WTF is going on here, OR you KNOW what is going on! ANother secret BUSH deal! Spying illegally (against US Constitution) and cutting secret deals, NO BID contracts with BUSH CRONIES, new emminent domain laws, new harsher BAnkruptcy laws, lip service to oil crisis (he wouldn't even mandate better gas milage!!)

My friends, have we lost more than we can ever gain back? The ability for GOV to STEAL your property if you dont pay your property taxes, and the illegality of income taxes in general. We end up the POLICEMAN OF THE WORLD and living in the US POLICE STATE. WHERE are the real leaders hiding?

Living in a bankrupt country is the LEAST of our troubles.

Now while we do a good job f'ing up things here, the world economies meaning Asia (China and JApan mostly) have SAVINGS in which to replace capital equipment and invest for increased productivity to remain the DOMINANT WORLD EXPORTING POWERS.

WHile here in the US, we are back to Depression ERA NEGATIVE SAVINGS RATE, HOCK up to eyeballs with 71% of GDP consumer spending! Could we get any more imbalanced?

ANY cutback in Consumer spending will have DIRE consequences for US economy and that of the worlds. Even though Chinese consumption is rising, it cannot replace that of the US.

THis merry-go-round of ILLUSION of a US fit and healthy could be lifted come end of MArch as US $$$ are NO longer needed for OIL purchases with opening of IRAN OIL Bourus which will ONLY except EURO'S for OIL!!!

AS our stock market of 30 industrials marches higher, it does so without the biggest companies or with broad support as % of companies near 52 week highs falls and those 20% or more below increases!!! JUST as happened as we reached the bull market top in March of 2000.

WILL MARCH mark the top again? You should not run and hide, but would be prudent to raise some CASH just in case we at least see first 10% CORRECTION in OLD cyclical bull.

It is FOGGY here this AM as I post this, I only hope the fog is lifting from your perception of how things really are.

Not only is this country headed in wrong direction, and the GULF between rich and poor growing, but should something happen to pull rug out from under this economy, we are in mcuh worse shape than before to handle it. WHAT, will they CUT interest rates to STIMULATE economy? SURE........maybe we'll have a real estate boom!

Duratek

1 comment:

Marc R said...

WEXY,

You mean you dont watch MAD MONEY??

LOL

D