Jason Rines (iThinkBig)

Mid-Year Market Roundup

The government is seeing 'windfall' tax profits from sky high gasoline. Must be nice to be able to indirectly tax your way back into a healthy balance sheet and convince most voters a bogeyman is responsible. The Middle Class is certainly in dire straights. 49% of our GDP is small business. No love from investors, banks while getting preyed on by IRS, utilities and government through indirect taxing with NO HEDGES like emerging markets, accounting/legal/risk management staff. But now we see such abusive policies come full circle with Main St. now driving down Wall St. It was inevitable and easily predicted. The hard part now is having the will to swallow the rest of our financial pain and then the heavy lifting to rebuilt. Can't wait for the next bull market of 2013!!!