News From the Puzzle Palace on the Potomac:
The trajectory of the Obama Presidency projects a doubling of our National Debt. In 5 years and tripling it in 10. The result will be 1971 Redux, inflation and a stagnant economy. If you liked Jimmy Carter you’ll love Mr. Obama.
Our current deficit is 1.7 TrillionDollars. It’s hard to visualize so lets explain.
---I Trillion is 1,000,000,000,000
---1,000,000 (million) seconds ago was less than 12 days.
---1,000,000,000 (Billion) seconds ago was almost 32 years
---1,000,000,000,000 (Trillion) seconds ago was 31,700 years
And so it goes as we begin our headlong quest for debtor nation status. It wasn’t too long ago that we made fun of banana republics in South America. Now we are circling the drain toward as the Democratic Administration buys votes with borrowed money. I wonder if Mexico will bail us out?
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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