I'll spare you the "I told you so".
None of the actions taken by the U.S. Federal Government and regulatory authorities fixed anything over the past 3 years. Some of the actions taken were absolutely necessary to prevent the inconceivable... but since that time, no action has been taken that will actually fix ANYTHING.
The political battle of the "Know-Nothing's" continues... it seems that neither electorate identifying with the Right nor (ESPECIALLY) the Left, knows a g**-d*** thing.
Bright, educated people taking rock hard stands on issues that they have taken no time to understand... relying on the affirmation of their fellow "Know-Nothings"... this is no way to participate in the body politic... and yet it has become the entire body politic.
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The financial markets continue to show deflationary pressures are upon us... the 10 Year U.S. Treasury note has a yield under 2.5%... even with the S&P downgrade. And speaking of THE downgrade... you have been put on notice... one way or the other, this will get sorted out, and under no scenario that I can foresee will deflation not be the bigger threat.
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Oil is a volatile commodity... and right now the price of WTI is in the low to mid $80's.... but most of the world's consumed Oil is NOT prices by WTI. Energy equities appear cheap to me (although they could get cheaper).
It is (long past) time to get small, and stay small.
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We can't fix Afghanistan... we can't even fix Detroit. Af-Stan is not worth a single American serviceman's life.
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