Working Together

Yesterday an article appeared in the NYT that really clicked for me.  What I take from it is a confirmation that things are changing and what we have been seeing and talking about are real.  These are big changes and the Democrats, Republicans, and the FED need to work together instead of at cross purposes. 

One of my big irritants has been the FED’s inclination to try and offset Republican budgetary initiatives by creating an even bigger bubble of trickle down factors that don’t work.  The Fed has to let go, let Washington slow down the economy, let it make some big changes like raising the retirement age now, not 10 years in the future.  It is why the Affordable Care Act is so important, because as the economy is let down there has to be a safety net for the 90 percent.

The stock market is not a measure of anything but a lame attempt at another bubble like housing was to try and take us back to where we were in 1996.  The one thing that Greenspan was right about was “Irrational Exuberance”.

See article NYT article here:

http://www.nytimes.com/2013/10/07/opinion/when-wealth-disappears.html?smid=pl-share

And a Technical Indicator Update:

Our Macro Risk On/Risk Off Indictor that we have referenced in our “Numbers” section a number of times in the past year, turned to RISK OFF yesterday, ending a RISK ON position held since October 2010.

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