Prudent Man CFA

Central Bankers Kick into Action

What do Central Bankers produce? Profits for their Cronies and inflation and higher taxes for the middle class.

It is a pathetic World Economy if it depends upon a bunch of statists, plutocrats, political economists and collectivist academics. Where have all of the entrepreneurs gone who graduated from the school of hard knocks?

Is at any wonder why we have become a country of entitlement hungry, unproductive spoiled brats who are over-degreed and under-educated?

Markets See Record 4 Week Gains

Even a stopped clock is correct twice a day. Unemployment may be a lagging indicator but for how long does it lag?

The IBM/Sun deal is off. Remarkable what "Due Diligence" uncovers when you have skin in the game. Unfortunately, outside "independent" auditor don't have any skin in the game except the fee paid by the defrauder.

Fed Pushing Liquidity Back into the System

A World Wide Recession caused by unsustainable leverage being cured by unsustainable government borrowing. If one believes in Santa Claus, e.g., politicians, this may sound like a good plan. To me it is economic suicide that will lead to Socialism.

Because many in this world are so accustomed to getting their every want through little effort (credit) they now run to the government for salvation. Free Enterprise, like our Military Defense, is only for the fittest of which there are few today.

Politicians can try to redistribute the wealth all they want but it will, in time, revert to the strongest and most ruthless which may not be its rightful owner. It could be bloody!