MY VIEW ON THIS ECONOMIC MESS WERE IN !

The 2009 economic prognosis is relentlessly bleak. My 401K as is most all others is in the proverbial sesspool. Jobless numbers are soaring while stocks are plunging. Economists and market strategists willing to call a bottom amid the current market turmoil are thin on the ground, vastly outnumbered by forecasters with distinctly more apocalyptic outlooks. Yet with the Dow Jones industrial average trading at about half of the all-time peak of 14,164.53 there are signs that conditions are in place for a sharp reversal of sentiment, some analysts say.
For evidence, they cite rock-bottom interest rates, tumbling prices of oil and other commodities and, not least, concerted efforts by central bankers to get the global economy back in gear.

In comes Presedent Obama with his prediction that the sky is falling and that we need the federal government to stimulate us out of this rat hole of an econamy we now find ourselves hoplessly mucking around in. Why doesn't he and all of the other polititians in the washington D.C. beltway get it? Government is not the solution to the economic down turn it is the cause of it! The economic ills we suffer have come upon us over several decades. They will not go away in days, weeks, or months, but they will go away. They will go away because we as Americans have the capacity now, as we've had in the past, to do whatever needs to be done to preserve this last and greatest bastion of freedom.

In this present crisis, government is not the solution to our problem; government is the problem. From time to time we've been tempted to believe that society has become too complex to be managed by self-rule, that government by an elite group is superior to government for, by, and of the people. Well, if no one among us is capable of governing himself, then who among us has the capacity to govern someone else? All of us together, in and out of government, must bear the burden. The solutions we seek must be equitable, with no one group singled out to pay a higher price. Another positive indicator for a turnaround is the falling prices of oil and other essential commodities. Although this stems partly from expectations for a global economic slowdown, the trend does make it cheaper for businesses to produce and deliver goods, and it puts more money in the pockets of consumers.That has frozen the credit markets and kept investors from focusing on what market mavens like to call the fundamentals – the capital strength, management quality and business prospects of individual companies. Every bear market has been caused by something so different from the last one that each looks like the end of the world.
Many investment managers believe that the government initiatives thus far are aimed at the wrong target. We have entered a new financial age, wake up America, cars are now driven by computer XBox game type joysticks, The old rules no longer apply.


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