AndrewBaker

Wall Street Breakfast: Must-Know News

Wow, all of a sudden we are out of the recession and spurring back to growth! And if we are careful, everything will be alright.

Great news. Fantastic. Let's have a party!

Trouble is, I don't believe it: it's now obvious that the cure that has been decided upon is one where the rich and powerful first protect their own interests by whatever means they can, which includes ramping up the price of any stocks they hold and then selling them off to the great unwashed (us) at exorbitant cost, then using the money to buy tangibles that will prove inflation proof, as the next bit of this grand cure is to ensure that the value of the dollar drops greatly and inflation takes it toll on the massive debt that's everywhere and can never be paid off with real money It will work, but leave us with worthless investments and assets; but oligarchs and plutocrats will be ok, having first protected their own worth before unleashing the inflation cure upon the rest of us.

Wall Street Breakfast: Must-Know News

We're getting closer to the point where real finances and economics are being dealt with, and the thought that politicians in any guise are going to be at least partly in control of an "orderly and cooperative exit" from global fiscal and monetary stimulus, makes me extremely worried.

World leaders may be able to talk the talk, but they know precious little about money and financial matters; in fact, it is partly because of this that we are in the mess that we are in now. The sooner politicians leave business alone to sort things out without political over and undertones getting in to derail recovery, the better it will be for everyone (except maybe the politicians who, if they can't talk and make useless and counterproductive laws, fall strangely silent and become somewhat superfluous.)