Rokjok777

U.S. Handling of Financial Crisis - A Less Optimistic View

I was a hardened Dem from California so I was in favor of Obama over McCain/Palin. But Obama's inexperience is showing. He trusts "experts": how to fix Wall St? Ask Summers & Geithner! What to do about Afghanistan? Ask the generals! Well, of course they're gonna say "yeah just give us thousands of more troops and plenty of more bombs and billions of dollars, it'll all be great!"
As I say, I used to be a hardened Dem from California, now I'm a sunburned Aussie from Sydney...

Six Things to Learn from the Financial Crisis

Lesson one: don't invest in something yu don't understand. Bank balance sheets fall into that category, along with CMOs;
2. Don't fight the Fed;
3. The trend is your friend to the end;
4. "markets can stay irrational longer than you can stay solvent"