Hi Hawk, I honestly am of two minds about paternal Euro socialism and damn the torpedoes American capitalism. I appreciate the Euro socialism for what it affords the population in terms of social services, holidays, and a good time ambling amongst the olive grove with the wife and a fun frolic in the waters of the Mediterranean with the mistress, after partaking some wine and cheese and conversation about the terribly high taxes with buddies.
I also appreciate the American capitalism for what energy it imparts the society that results in new toys and new games, especially after a zoom along the winding California coastal highway with whoever, after a few beers and a pizza with buddies, conversing about the big brother that is ever so nosy.
I think the best is to live in an environment of Euro socialism, without having to pay for it, thus having money to buy all the new American invented toys, without the bother of big brother. In other words, I want the best of everything but skip the cost.
<<US will lead the world out of this downturn once some of the excesses are wrung out>> sounds painful. The global investing electorates do not like pain.
I want the upside without the pain. I of course realize that ‘Timing’ is a delicate matter, requiring skill, fortitude, patience, the ability to discover the truths from facts, and above all, luck. I am no good many things, but am trying my luck.
We are fortunate in that we get to possibly witness major economic and financial cataclysm, and learn whether rate discount can circumnavigate the pain.
On productivity, soon we will learn whether (a) it is generally true, (b) if true, is it altogether good, and (c) if good, is it always good, (d) for all the people, (e) the aggregate economy, and (f) the financial markets, and (g) if good at all times, will policy makers allow it to continue, globalizing-ly speaking?
Chugs, Jay |
