While you’re waiting in line for a latte surrounded by a group of twenty-somethings, the conversation that you’ll most likely hear these days will probably include an in-depth discussion regarding Google stock breaking the $1,000 price barrier.
“Should we buy it, or should we sell it?”
“Man, if I had only bought some shares when it went public. What an idiot I am, it was only $85 per share. Oh wait, I was only 14 years-old back then, I had no money. My bad.”
Or, the discussion might revolve around those fabulous Denver Broncos and the dynamic Peyton Manning.
“Can he keep it going, and keep the undefeated streak intact?”
“He’s pretty old, isn’t he?”
“Yeah, he’s 37 years-old. They won’t stay undefeated, nobody ever has.”
“What about the Miami Dolphins from years ago?”
“Oh yeah, my bad.”
Or, perhaps the twenty-something conversation could be like the one that I recently overheard at the grocery store.
“Let’s see, 16 wash pellets at a special price of $4.29. So, if I buy 2 packages of pellets, I believe that’s $8…ummm, something. But if I buy one pack of 32, that’s $7.49. Which do I buy? Which is the better deal?” Hmmm, I think I better call my girlfriend, she’ll know.” (After all, we are ranked 28th in the world in math.)
“Okay honey, the 32-pack it is. My bad.”
Indeed, it’s back to business as usual. We can forget all about the government shutdown, the sequester, and the debt ceiling, much like we’ve totally dismissed the 1,400 people killed by chemical weapons in Syria not long ago, which was arguably the brink of WWIII. We’ve learned from our so-called political leaders that between now and February of next year, they will sit down in a “bicameral moment” and resolve all their differences. After all, the leadership of Representative Paul Ryan (R-Wis.) and Senator Patty Murray (D-Wash.) — who tried this once before and failed — will undoubtedly succeed this time, as they persuade Senator Ted Cruz (R-Texas), Senator Chuck Schumer (D-NY), and others, to all join together and agree on a federal budget, a true kumbaya moment.
I’m quite certain that the next three months will be a bridge to an environment of less spending and reduced debt. I’m also convinced that during this three-month respite from bickering, we will witness actual decision-making which will allow the true character of our legislative leaders to come forward, helping to right the sinking ship known as the United States.
If at any time over the course of the next few months, should I have any uncertainties about our debt problems being solved with sound fiscal and monetary policies, I’ll just take a page from the attitude of the twenty-somethings. I’ll look in the mirror and simply say, “My bad.”
It’s Free — Don’t Miss It!
- Between now and the end of the month, MacroProfit, Bill Tatro’s dynamic monthly financial newsletter (abridged August 2013 version) is available for free
- Each and every month, MacroProfit provides in-depth analysis regarding the economics of finance, politics, and history — vital information that’s tailor-made to you and your financial well-being. And that’s not all. Now, the words are brought to life with vibrant video and audio, innovative technology few others can match, including a podcast feature that allows for many of the topics to be expanded upon even further
- Just visit macroprofitnewsletter.com — it’s Free!