Follies, all I can say, Bernake, Paulsen, and our Secretary of the Treasury, kept the US financial institutions from going bell up during 2008 when the GDP bottomed in Sept. Since then the GDP has continued to rise along with the stockmarket, now above 13,000 on the DOW. Bernake, exercised a large part of his PhD dissertation findings from a study of the 1930's great depression. In his next lecture tomorrow, Thursday, he is going to present the comparisons between 2008 and the great depression of the 30's. Hope all of us take the time to list to his video presentation.
I take it back. Follow Bernake, invest in Tbills, and trust the government not to destroy the currency.
Of course in the end you will steal money from that fat cats who worked hard to make money and then invested it wisely in real estate, gold, and other real assets. You will claim they are undeserving, failing to take responsibility for your own stupidity.
Hell, what do I mean in the end, you're doing it now.
I am fully invested in the stock market. I loaded up when the market hit the bottom in 2009 and have exceeded what I had lost during the downturn. But, I consider myself as a high risk taker. Yes, I believe in the Bernake approach!!! Since I currently have not sold I have not gain anything in cash until I cash out.
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