The overarching factor that is making this recession different is that the Obama agenda is qualitatively and quantitatively different from any previous president's agenda. The anomaly of the current recession is the anomaly of Barak Obama's political philosophy and worldview.The only hope left is that He changes. Not going to happen, the Libs keep promising a free ride and Libs keep believing it's possible.A fundamental conclusion of financial economics is that there are two main dimensions to investing -- risk and return. What space and time are to physics, risk and return are to investing. When evaluating an investment opportunity, return is the good, risk is the bad. Another basic conclusion is that risk and uncertainty are just two ways to looking at the same thing. Risk is uncertainty in work clothes.
The Obama administration's reckless and unprecedented restructuring of the economy has greatly increased the level of uncertainty for anyone thinking about investing, starting a new enterprise, or making consumption expenditures. Mr. Obama has turbo-charged the amount of uncertainty in the minds of decision makers. This is an administration with no brakes, and the ride is frightening.
The massive and rapidly growing federal debt overhanging the economy portends future tax increases. Those probable tax increases reduce the expected return of investments. The lapse of the Bush tax cuts is little more than four months away. The bad news is relatively certain, the good news is highly doubtful.
Sanity is not in control, but insanity is.
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