Getting on Presidential Bandwagon

Today I watched our President’s press conference with an expectation that he will say something about our economy. I was expecting some journalist will grill him on projected 6% shrink in US GDP. Alas! That was not the case. There were few responses and contextual mention about few elements like auto industry and banks. However, I am not here to critic the press conference (who am I and how can I?).

One particular question that caught my attention was when one journalist asked about troubling, surprised, enchanted, and humbled. All through when The President was responding, I was thinking about how would l respond to those questions in the context of investing?

Troubling: It is troubling to see that free money caused the problem. And we are continuing to try to solve it with free money. We are trying to solve it with the very same tool that created it in first place. We have filled the lake with water, for it nowhere to go. This standing water is now getting polluted. We are continuing to pump in more water in a hope that it will start flowing. Flowing where? Won’t it burst out of the embankment? Burst will result in spreading of polluted water. Let it dry off, or get vaporized, or drain it slowly, only then it will get cleaned. continue reading rest of the article….

Take a Pause, Relax, and Get Rejuvenated

The big news last week was three banking leaders coming out and saying their banks are profitable or will be profitable, or do not need to go TARPing again.

First, I am surprised that all of these three leaders came out within the same time frame.

Second, do we really think these leaders have left any credibility in what they say?

Third, from a different viewpoint, weren’t these the very same folks who have been part of this ongoing lack of confidence or credit issue? continue reading rest of the article….

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