The purpose of our blog is to provide ethical and endlessly curious views into the world of money and investing. Hopefully, as you read our blog posts, you will increase your knowledge about the use of money, improve your investment results, and reduce the risks and costs associated with the use of money. Our commentary is not crafted to support any political agenda, but will comment on the potential consequences of both current and projected actions of our Government (and others) on the economy, investments, and the efficient use of money.
The people at ThinkBigWorkSmall.com have offered a very interesting look (see video) at how poorly some U.S. Government regulations have been crafted… allowing those who acquire failed bank assets to make a fortune with no risk… and its your money they are stealing!!
Video: http://www.thinkbigworksmall.com/mypage/player/tbws/23088/
I was fortunate enough to be present for a live interview of Presidents Bush and Clinton sponsored by TD Ameritrade. Frankly, I almost skipped the event, trying to convince myself that I had “better things” to do, but I went anyway, and left the interview totally overwhelmed. Though the group in attendance was far from intimate (approximately 1500 people), I was fortunate enough to be seated physically very close to them…close enough to see fine details of their facial expressions that one would not see on a flat screen. I have a long history of being exceeding critical of each of their Presidencies…and though the substance of my criticism has not changed, I am embarrassed at the tone I have taken in the past.
At the beginning of 2010, the market moved up the first six days consecutively. The underlying fundamentals in the US economy continue to improve, but these have been trumped by global macroeconomic concerns over potential Sovereign Debt defaults by Greece, Spain and Portugal…sending the markets to a 10% correction Friday before bouncing back over 2% from the lows. Technically speaking, this market correction should be over.