MONEY: The reality of the doldrums

Tuesday, August 17, 2010

http://www.haaretz.com/print-edition/business/near-the-ceiling-1.306854

Near the ceiling
Solutions in a world where bonds have nowhere to go but down
By Eytan Avriel
Published 02:35 09.08.10
Latest update 02:35 09.08.10

*** begin quote ***

3. The third solution may sound weird, but it’s the most practical of the three: Accept the reality.

Yields are going to stay low for a long time. That’s how it is. It may change one day, but until then, keep a stiff upper lip. Grasp the reality with both hands and figure out how to live in a world of low returns.

*** end quote ***

Get ready for the “Lost Decades”. Like Japan, the USA is stuck in a morass of Gooferment disasters. At least a natural disaster comes and goes relatively quickly. This one, of our own making, is goign to be here for a long time.

1. End the personal and corporate dole; 2. Dismiss gooferment public education; 3. Stop the various wars — foreign and domestic; 4. Repatriate the troops home; 5. End the drug war; pardon all non-violent drug offenders; 6. Downsize ALL gooferments; 7. Eliminate all taxes but tariffs and excise.

And, we’ll be back on track in no time.

# # # # #

Leave a Comment » | MONEY | Tagged: | Permalink
Posted by reinkefj

INTERESTING: Question about the SCOTUS terms

Tuesday, August 17, 2010

How about the idea of a single 18 year term for justices on the Supreme Court.

I’m adverse with tinkering with the wisdom of the Dead Old White Guys like was done with the direct election of senators.

BUTT (there’s always a big but) this proposal appears to have merit.

* each prez gets a pick; prevents “popular packing” by judges timing their “retirement”.

* doddering old “scholars” will be respectfully booted off.

* it presents a problem if one of them dies prematurely.

* probably should be accompanied by an age qualification (i.e. 65, 70,75?) to ensure that post-SCOTUS employment opportunities don’t enter into judicial decisions.

Your thoughts?

# # # # #

Leave a Comment » | INTERESTING | Tagged: | Permalink
Posted by reinkefj