Tuesday, November 13, 2007
just a Rant on Veterens Day and our collapsing markets
First, hats off to the men that fight for this country, there are too many people who have forgotten what national pride, honor and integrity are all about and I want those in our military to know that I thank them for their sacrifices.......... But as I mentioned, the day has passed and the banks have opened for business as usual with all the fanfare of a train wreck.. Once again we are greeted with the ominous financial news that just another bank or investment house has either written off loss, or have downgraded their stock holding (I cant imagine how many hedge funds have collapsed....), consumer confidence is at an all time low, and our inflation prognosis is shakey at best. The media outlets have created such a hysteria over the housing crisis, that you would almost forget that there is a campaign for the presidency going on. Or maybe thats the point. With Hillary stinking up the airwaves and single handedly trying to sink her own election, the media (which is unabashedly right wing liberal), has gone into damage control mode. Granted there is a big issue in the housing market, namely that banks speculated too much on returns and now are biting the bullet. Unfortunately in America(the socialist) nationally we are bearing the brunt of these bad loans(if only through the media's constant bombardment of our senses). The reality, if you dont listen to the doomsday prophesizers, money is exceedingly cheap right now. If you are in a position to be able to leverage any type of equity, the ability to borrower at low rates is unmatched in our history. Opportunities exist...sensationalism sells, whether it is good or bad!!!! America pull your head out of the sand, think for yourself, create for yourself and succeed for yourself. Be accountable in your life and decisions..."Caveat emptor" Let the Buyer Beware........ Do your homework, educate yourself, and more importantly take responsiblity for your own actions!!!
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