VintonCounty

On Banks: Krugman vs. Krugman

This kind of discussion makes my head hurt. Experience tells me to step back from the data, analyses, and opinions and view a wider field. The purpose is recognizing applicable axions or salient facts about the situation that suggest actions without an analysis that is too complex for any mortal. When I did that I saw that America is drifting into fascism, particularly respecting the banking and auto industries. Politics substitutes for market forces, and consequently these industries are too dangerous. People who can predict political outcomes can make fortunes in short-term trades; but I can't, and I don't know anyone who can.

The insight about fascism guides the cautious investor to industries and countries in which government intervenes little.