A Reminder from the Past

There is one BIG issue that this article cannot address, NObama. If elected and has a majority in the house and senate we may very well be looking at a complete melt down of our freedom. The re-distribution of wealth, a pure marxist principle that is not compatible with capitalism, can and will drive a lot of American business out of business. Which will lead to even bigger government control of which we may never be able to wrestle out from underneath these new controls. Right now America stands at a cross road that will dictate the direction of our country for many decades to come. Remember most of FDR's socialist plans are still intact in one form or another. If NObama has his way, clearly he has been documented as a marxist, we will loose freedoms that will only be reaquried through the next American revolution.

Bottom is no where in sight guys! Would like FOX to start tracking the total number of un-employed alongside the total number of those capabile of working. This un-employed number should be a total number of all those actually un-employed plus all those making minimum wage (since they can not support themselves).

10/27/08 The Obameter is looking down this morning.

How come everyones neglecting to discuss global warming lately, or the endangered sloth, what about the plight of US education system, do you know that the average US child in school is deprived of free field trips to Disneyland.What about the food crisis in the US,did you know the average American only gets 3 or 4 meals a day.Let,s go back to the good ole LaLa land days,and discuss the important issue of the eighties and nineties,where narry a thought was given to such depressing subjects such as economics.

Brian, I managed pension fund money in 1974 (1971-1988). I also knew Jim Fullerton. Capital Guardian Group was and still is one of the greatest investment managers. I remember it like it was yesterday because there are parallels to today. For the record the market did not bottom in early November. Between Sept 30 and Dec 6 the "experts" debated whether a bottom had been established. I also remember that it was the third quarter that was down something like 25%. The rally didn't start until early December and then exploded. The people who were still debating (gum flapping) had no chance to get back in because they were caught flat footed by the explosive rally. Keep up the great work.

I happen to agree. No bottom nor sighns of stabliity. However,since I've been reading Alvin Toffler lately now he has give me a way to look at the global market gyrations. Case in point: this morning OPEC thoght it could influnence the oil barrel price to go up. It didn't happen. I believe a significant powershift has taken place within the market. No longer does OPEC call the shots but now speculators have the power to raise and lower oil commdity prices. THe shift of power could've happen back in summer during the gyrations when the commidity markets decuppled from her sister markets within the global makretplace. According to Alvin Toffler in his book Powershift-shifts of power happen via wealth,knowledge and violence. In the case of OPEC losing its power this could've happen by electronics and smart speculators i.e. knowledge. No longer does cutting production influence the price. Just thought I share my own knowledge Brian. I suggest u pickup a copy of Revultionary Wealth and which the author talks about new economic revenue streams.

Great read. A little courage in the market place right now would go along way - especially if the government could have the courage not to intrude and let the market work.

Interesting article. But, I think we haven't hit bottom yet!