Reading this mornings news is enough to make anyone crazy and while I have no experience in the world of high-roller (roller-coaster) money management, I do know that my confidence regarding trust and a brighter, sunnier economic future is waning. What are those folks in authority over us thinking?!
First article to catch my attention was found over at Bloomberg.com and opens with, "Bond-trading boutiques are being squeezed out of the market as Wall Street’s biggest banks recover from the financial crisis that caused almost $2 trillion in losses worldwide." Sniff...do you need a bandage for that? Well, of course they're recovering, they received $12.8 trillion in government bailouts! But let's pat ourselves on the back anyway, shall we? For a job well done and all.
The next headline, found on Politics Daily, reads, "Poll: Voters Want Congress to Focus on Jobs Before Health Care." Well, yeah... After arriving at the conclusion that we, the voters, are being forced to pay back $12.8 trillion dollars for a $2 trillion dollar financial mess, we probably are more concerned with finding a job. Because really? If we catch some life-threatening illness and die, we won't have to work ourselves to death trying to pay back the money that doesn't directly benefit us anyway.
Okay, okay...enough ranting. Apparently, history is more like a broken record then anything else and the good news is this; my Bible (and yours too) reads, "...there is no new thing under the sun. Is there anything whereof it may be said, See, this is new? it hath been already of old time, which was before us." Ecclesiastes 1:9-10 and "...all is vanity and vexation of spirit. That which is crooked cannot be made straight: and that which is wanting cannot be numbered." Ecclesiastes 1:14-15
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