AJ30

Wall Street Breakfast: Must-Know News

J. B. W. you are right on the money with your comment. Excessive greed got us here, and the chief Architect was Mr . Greenspan and his "cheap money" policy for all those years. Now we see him covering his tracks with printed statements. Hoover was probably one of the best educated and smartest Presidents we ever had, yet look what is "trickle down" theory (fully backed by WALL STREET) accomplished. ?? It took a rich guy like FDR who sensed that people need to eat each day and need to have a decent place to live, to come up with a band aid. Go figure!

The Case Against Investing in the Dow Industrials (For Now)

In his book "The Roaring 2000s", Harry S. Dent,Jr. correctly predicted the bust in 2008. His basic theme was that "We" innovate and grow in spurts, followed by a period of assimilation (little growth). Its a very interesting postulation, and has certainly worked out many times.

The Current Market Atmosphere: Easy Money Hard to Come by

A litle extreme perhaps, but I remember IBM bonds with a 12% coupon issued in th later 1970's.
The real question is where do you hide your cash hoard? If in US$ inflation will eat away a lot of your purchasing power. Sovereign debt will probably suffer as the US$ gets strengthened a little, to bring down the cost of gasoline. Commodities are already pretty pricey, real estate the usual money vault against inflation has many problems of its own to wade through. So where to hide?