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The Damn Will Break Soon

hiimterry Wrote: Nov 09, 2012 3:15 PM
I doubt that. The same people who were oblivious enough to vote for Obama will be oblivious enough to go out and borrow a ton of money for Christmas presents. On the other hand, inflation is eventually going to make our dollars so worthless that none of us will be able to afford Christmas. Why not go ahead and blow out your finances now while you still can?
jmonaco Wrote: Nov 09, 2012 6:22 PM
hiimterry --

Since we are largely a nation of short-term thinkers (in both the private and public sectors), you may very well be correct.

For the market, Obama's re-election means relying on cheap money and overseas growth as the best underpinnings for higher stock prices.

Sure, the domestic economy is positioned to move higher, but I think it will stumble along, and in fact, could crash from political squabbling and doubling down on policies too harsh on success. Looking at the roots of the economy, small businesses and entrepreneurship, you see them drying up fast. People are not starting businesses, small businesses that are already going concerns can't raise money, and the damn will break soon releasing more rules and regulations and taxes.

I...