It’s hard to even pick a topic from the multiple instances of mismanagement in Washington today. Maybe it’s the $800 million they donated to the Murtha Airport in Pennsylvania; It presently serves a total of 20 voters a day, maybe this money will let them grow it to 21 a day.
How about the Feds meddling in the GM bankruptcy so that the bondholders give up $27 Billion in equity for a 10% stake in the companies stock while the UAW thugs who bought the presidency give up $10 Billion for a 39% equity stake in GM. Its always a good plan to reward the people who caused the problem and ignore centuries of commercial law to stiff the bondholders. Sad
About Me
- stall
- I consider myself a relatively experienced investor. I’ve been retired for well over 16 years without a pension and lived a very good life on my investment results. Our nest-egg has increased each year of our retirement in spite of robust spending. Oh, to be sure there were many mistakes made but mistakes are a learning experience for us all. Through these many years I’ve somewhat formulated a philosophy that lets me sleep at night while invested in the market. I have no agenda and nothing for sale as we begin this Journey. I’ve discovered that the US Stock Market most resembles a teenage Girl who has discovered she has a Zit; there is huge drama over “things” that mean little over the long haul. I faithfully read the Wall Street Journal and the Economist. When I watch CNBC I mute the sound as I’ve found that their commentators job is to attract viewers not inform them and Bad news attracts eyeballs to their station. Everything they say is coached as exciting news yet they are completely prohibited from really advising the investor class. CNBC is Stock Market noise.
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