Tuesday April 30, 2013
Editorial Comment
You have heard the words “Arm Chair Quarter Backing”. I am sure most of you can relate to those words. These types of actions are now influencing many things in America. In our quest to grow our wealth we attempt using whatever means possible. Our banking industry is paying minuscule amounts of interest on savings accounts and certificated of deposits. Therefore, people, with extra money are more prone to investing in the stock market. There are many ways to invest in the markets and we are not going to attempt to provide any information to our listeners as to how to invest. How you invest, your money is between yourself and / or your investment advisor.
In the past, the market activity was an indicator as to the health of the economy. This is no longer true and we will explain why it is no longer a true indicator. We also hear the crying out about greed in America. The bailouts by Presidents Bush and Obama began to bring the spotlight on the greed and corruption that is in major corporations. It highlighted the CEO’s and top Executives’ salaries and bonuses. Even though the company was failing senior executives’ and senior management continued to receive bonus and even sometime took lavish severance packages. This problem is in reach of “We the People”. The economic impact by these actions is not a positive factor in growing the economy. This is not a problem for the government to solve, in fact it, is import for the people and markets to solve these issues.
Quote of the Day
“Fear not Capitalism is not greed. Man through his manipulation of the accounting sheet and his untruths that he espouses to gain capital for his personal aggrandizement create greed. Corruption is perpetuated by greed.”
Don Wallace December 10, 2011
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