Loading ...Not surprisingly, stocks, bonds, housing, companies, IPOs, commodities and services are all over valued. Money is flowing to the top 1% as more and more people every day join the low income class. The millionaires are starting to feel poor, considering what five million can buy you in LA or NY. Some millionaires are even upset because their dream car, a Lamborghini Veneno, is not affordable. I don’t even want to consider what regular Joe earning 35K a year are feeling. […]
|
||||
|
This morning, the US markets are pointing to a weaker open. No doubt, most investors are seeing this as a buying opportunity because of the Bernanke put and the government ending the not real shutdown and raising the ceiling. But as far as a political winner, both parties are now completely covered with shit with damaged reputation. The only real winners are the public, which learned that their government is non-essential, corrupt and is currently doing more harm than good. I bet we, Alphas Edge, are not alone when we wish to have our founding fathers back. […] The biggest event yesterday was the breaking news of shots fired near the U.S. Capitol. The scare caused a 30-minute lockdown of the Capitol building, and the suspect was reported dead on the scene. The media was all over the story reporting all kinds of non-factual assumptions from unreliable sources. When what had happened was understood, they stopped reporting. Apparently, Washington’s finest executed an unarmed mother in from of her child. The police did all the shooting. No doubt the officers involved will be given extended pay vacations followed by swift promotions upon returning to desk job. […] This Morning, the public was reminded of everything that is wrong with our country. Hank Paulson, X Goldman CEO who took a part time gig as US Treasure from July 10, 2006 to January 20, 2009 was on Squawk Box. When asked what the biggest issues with our country were, he had three things to say. Controlling how the public receives information, tax reforms, and social security. In regards to how the public obtains information, he made it pretty clear that he believes information should be controlled “only his opinion should be given to the public?”. In regards to tax reform, he made no mention on what type, increasing or decreasing taxes on the rich or the corporation. But if you go with his track record of exploiting tax loop holes where he avoided paying over 250 million dollars in taxes when cashing out for the secretary job, one can assume he is not about paying taxes. In regards to social security, one would hope that he wouldn’t want to reduce it. Many of our elders are already eating Beneful and FancyFeast. […] In Washington, the Special Olympic is getting messy. Like monkeys, Obama and the Senate did nothing but flung enormous feces at the House. They refused to negotiate and instead resided to just insulting and guilt tripping the republicans into submission. In return, the House scooped up and tossed its own gigantic feces, agreeing to fund the bill one peace at a time. Now, Obama, the Senate, and the House have positioned themselves in a no win situation where everyone is covered in shit. This is the current state of our politics. It is not that we have become as cynical as to designate our politicians as monkeys. We are now to the point of describing them as crippled angry shit flinging monkeys. It is only with this cynicism that we can maintain our sanity and smile. […] This Morning we wake up to learn that the hot potato did not explode. The politicians could not even agree on the name of the bill. It was just simply put back into the oven so it could be reheated and the game replayed. It just shows us how far we have collapsed as a country. The global and even the US markets are green, as if cheering for a government shutdown. It is as if everyone has become a deer mesmerized by headlights. […] |
||||
|
Copyright © 2024 Alphas Edge - All Rights Reserved Powered by WordPress & Atahualpa |
||||