LeoTheDog

10 Predictions for the Global Economy

The tenor of the comments to this article are all the reason I need to be short. Many writers seem to attack this article as being "too late", as if "it" already happened. Could it be that the author is suggesting that as bad as it has been, it is going to be a lot worse? Just because stock prices are cheaper doesn't make them cheap.

These comments, plus the ridiculous 2009 S&P projections from the major market strategists (see article on home page for details) strongly suggest that there are too many people who think that worst is behind us. Those folks seem to ignore (or be ignorant of) the enormous crisis in Alt-A mortgages that has not yet hit, irrationally high S&P earnings projections and an absolutely devastated state of emerging economies (or maybe you believe the Chinese government's reported 8% economic growth statistics...). See you at the bottom.

Obama's Green Obsession: More Harm Than Good?

Interesting thesis. I suppose you prefer the approach of George W. Bush, on whose watch the economy just thrived.

Did you ever stop to think for a moment that one of the reasons that Obama has taken to this idea is that it addresses SEVERAL problems at the same time? Whether every dollar invested in green technologies is the most efficient use of that dollar in a purely economic sense is not the issue. America is dependent upon a very dirty, very expensive energy source that comes from nations that are largely hostile to our interests.

Investing in green technologies WILL create jobs (economic benefit), while at the same time reducing our reliance on oil (environmental benefit) from hostile countries (national security benefit). A reliance on the free market with respect to America's energy needs, an approach you seem to want to continue, has disrupted our economy, polluted the planet (placing us in far greater risk over time than you seem to understand) and created incentives for the US to invade and occupy foreign countries at great human and financial cost.

Could it possibly be that the incoming president sees the BIG PICTURE a little more clearly than you?