Well that'll be the day when you say goodbye
Yeah, yes that'll be the day when you make me cry
You say you're gonna leave me, you know it's a lie
'Cause that'll be the day when I die
With President Obama (re) declaring war on free markets to enact social justice this week, we have been warned and reminded that capitalism has no friend at 1600 Pennsylvania Avenue, NW. The taxes, regulations, and demonization only backfire and retard growth. Even yesterday's "great" GDP revision was marked by lower revisions for consumer spending, because people are earning less, and refuse to go back into the kind of debt that made them sitting ducks when the Great Recession began.
Fiscal policy, right out of the gate, has been designed to enact social justice; it was never intended to provide widespread prosperity.
Monetary policy, right out the gate, has been designed to fuel the beast of government spending, and to heal the wounds of unbridled greed of big banks.
People aren't taking the bait of lower rates to buy homes or spend on credit (revolving credit is down three months straight). The American public understands real economic growth, and understands when they're being manipulated. We are talking about people that like to spend money, and aspire to greater things, often rewarding themselves with the trappings of future success now, as a motivator and early reward.
So, it's quite shocking that Main Street is still so gun-shy. People have gotten smarter, although it doesn't take much to understand there is a limited upside to overachievement, and the nation is mired in self-doubt. But, there is that question of DNA: that natural impulse to make it rain in our own little universe. What is the formula? It's not as difficult as Fermat's theorem; in fact, the solution works everywhere in the world.
Confidence in the future
Confidence risk will be rewarded
Confidence to take risks
In short, there has to be that enthusiasm, which acts as an invisible hand that stirs the virtuous cycle. Ladies and gentlemen...I give you Texas.
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Fridat April 25th, 2014 | John Ransom
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Thursday April 24th, 2014 | John Ransom
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Tuesday April 22nd, 2014 | John Ransom