Get it Done, There are no Choices
It is interesting that every other day investors decide that things are going to improve, and then the next day, things are not going to change. The U.S. and Europe do not have a choice, they have to get their act together. So I continue to view this as a time of price distribution, buy low and sell high until things get resolved.
In the meantime do some reading on pertinent matters.
Ron Suskind’s new book addresses some issues that we have hit on over the past two years in that the important economic people like Robert Reich, Paul Volcker, and Joseph Stiglitz were pushed to the background by lightweights like Geithner and Summers.
Also yesterdays editorial in the NYT sums thing up very well.