scholastica8

Volcker's Wake Up Call: Spread the Word

I don't think we need to be persuaded or need to persuade anyone else. The problem is that we feel helpless. Once upon a time when it was worker vs robber baron, workers could strike & riot. Then, as now, politicians were bought & paid for, with the police & army to command.

What do we do now? Against whom do we strike? Where do we riot? I think we feel exhausted & broke, but how do we oppose these monsters? International corporations have surpassed national governments & people power is where it always was... nowhere.

Volcker's Wake Up Call: Spread the Word

I don't think we need to be persuaded or need to persuade others. I think the problem is that we feel helpless to stop it or to change it. We are worn out & broke. It was easy when it was workers vs robber barons & the issue was workers rights & unions. Strikes & riots worked. Now, whom do we fight & how do we fight? Just like then, the politicians are bought & paid for... but strikes & riots worked somewhat because they hurt the money bags. Against whom do we strike? Where do we riot?

Crazy P/E Ratios

Just bear in mind that Warren Buffett just bought CEG... one of those companies with the highest YTD% drops... & the 2nd highest in the list of P/Es.

Granted, he has enough cash to weather anything... but his goal is to make more cash.

As for the world's involvment protecting us from droping into single digits... a broader market, a supposed greater spreading of risk, has made for a much more volitile situation. It seems to have enhanced the fear rather than containing it.