05 February 2010

Knowing Which States and Countries to Sell Short

Source_via_FinancialArmageddon

More information at the links above. Markets will identify the riskiest propositions if allowed to function without heavy-handed government (such as the Barney Frank and Maxine Waters congress putting pressure on lending institutions to loan to unqualified buyers). Once the riskiest institutions are identified, investors, businesses, and residents will vote with their feet and get out -- if they can.

Under Obama, the US (and the world) has a serious problem. Incompetence such as Obama represents is unprecedented, and virtually inescapable anywhere in the world. The fallout from Obama's corrupt payoffs to friends -- in the hundreds of billions and growing higher -- will haunt the US private sector, the US consumer, and all the world's workers and businesses that depend upon income from exports to the US.

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“During times of universal deceit, telling the truth becomes a revolutionary act” _George Orwell

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