Oh, and by the way, always giving glory to our Lord, Jesus Christ! He comes first. Always.
I don't want our country controlled by bankers and hedge run mavens. I must be a marxist, right? Apparently, I'm not alone.
"As I argue in the book, the finance sector is too large. Obviously it serves a function, but traditionally in the US, I think it ran 3 percent of GDP or below, probably the same in the UK, and in both of those countries, the financial sector is now more than three times that level. And as the finance sector rises, I think it becomes a bit of an incubus on the rest of society. It ceases to provide a benign function. Or better, it does continue to provide a benign function, but there are malignant effects from a bloated financial system.
I think that the financial engineering of the last thirty years or more has been pushed, and that’s pushed further and further by the very low interest. And that’s why you find people of the market-oriented persuasion like me coming to quite similar conclusions to the typical Marxist critics of Wall Street."
Ed McQuarrie talks the REAL History of Stocks and Bond performance.
We're taking my son to his Introduction to Auburn event at Auburn University.
we'll see you next week though!
In the meantime, a white paper I'm reading.
"This study validates...that the implementation of (China's) Five Year Plan was followed by a significant production expansion in the encouraged sectors of China. This expansion crowds out production in the same sectors in the US, leading to significant drops in both employment and investments and a notable increase in plant closures."
But it's TRUMP that started the trade war, eh?
sorry folks gotta move all this mulch by this weekend.
WE're preparing for my son Cavan's high school graduation party. So, it's a BIT hectic here to make sure everything is in place...
If it was me, I'd grill burgers and sit on coolers full of water. But apparently I'm not in charge. Who knew?
