MONEY: Questions for the investment climate

Setting the Bull Trap
John Mauldin’s Outside the Box
Posted Jan 07 2009, 05:00 PM

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   * Shouldn’t the consumer, after decades of over-consumption, be allowed to digest the over-indebtedness and save, rather than be encouraged to take risk?

   * Shouldn’t companies, no matter what state they reside in from a political point of view, if run poorly, be allowed to fail or forced to restructure?

   * Should taxpayer money be used to make up for the mishaps at financial institutions or should we allow them to wallow in their own mistakes?

   * Shouldn’t free markets be free?

   * When did Socialism make its way to our shores?

   * How do we choose who is bailed out and who loses?

   * Shouldn’t we place blame on the politicians, bureaucrats and other “decision makers” and put skilled people in place that know how to run the businesses?

   * Shouldn’t investors, led blindly down the primrose path of “buy and hold, diversify and don’t open your brokerage statement except once every 10 years” be allowed to follow the Prudent Man Rule?

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Certainly excellent questions to ask ourselves about what kind of country we are living in?
Investing in?
The investment climate we’ll all be taking investment risks!
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RANT: My comment on the Hudson River landing (UPdated: 20090117)

May I point out that perhaps there was some luck involved, when the pilot “placed” the plane down on the Hudson River. (I don’t think it qualifies as “ditching”, “splashing”, or “crash landing”; too neatly done.) I watched with horror as the politicians arrived to tells us how “heroic” the police, fire, and other government responders were. Having watching the early coverage, the Ferry Captains were there “long” before any of the government troops were on site. The ferry passengers pitched right in. Business suits and all. I think those folks deserve the lion’s share of the credit for saving those passengers. All the media reports these people were way down the list for credit. That annoys me. And, I think it hides the true American spirit.

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UPDATE: 20090117 @ 9AM

Someone else noticed!

The Takeover of New York Harbor
by A.D Lelong

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I looked at all the photographs of the scene. While the plane was still relatively afloat, the only responders I saw were the NY WATER WAYS vessels. The photos that showed governmental vessels were taken after the plane had sunk considerably, and most of the passengers had been put on the ferries.

On Friday morning at 11:40 AM Mayor Michael Bloomberg held a press conference to honor the “first responders.” Behind him were cops, coast guard, fire officials – a whole platoon of uniformed men. Lost in the crowd were two skippers of the two ferries which responded first.

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Wake up, people! It’s the gooferment. They’ll certainly claim MORE than their share of the credit to justify financially raping the taxpayer.

And, did anyone notice the mayor’s press conference was partially in Spanish? Thus pandering to another voting block!!

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