Becoming the government of Canada at this time is the worse thing that can happen for any political party.
The world is heading into a depression and Canada will not be spared. There is no one in Canada at this time who can avoid this. In the end the party in power when this unfolds will pay for years for the crisis. As a result; they will be kept out of government for a good three terms after that.
I am not sure if the Conservatives saw, or was told recently, that this was coming and decided to find a way out or is just getting lucky, but it would be the best thing for any party to not be in power at this time.
My advice to the opposition parties at this time would be – don’t do it.
Sunday, November 30, 2008
Friday, November 21, 2008
Markets not for the weak hearted
The stock markets have been very erratic over the last year. Some have been advising individual investors that:
1) It is always best to stay invested
2) It is too late to get out
3) The markets have bottomed.
I do not subscribe to anyone of those statements. As a matter of fact the market has not bottomed as yet and I believe that it will bottom somewhere in between Dow 4200-7000. At that point I think if one gets in, they need to do so slowly and dollar cost average.
Based on my own charting there is at least a 70% chance that one will lose money in these markets if they are using the generic methods and advice.
These are not markets for the weak of heart and the inexperienced, it is best to hold your money than to invest with no idea. Do not get caught up in the hysteria dished out by some of the media networks; “these are the best values you will ever see” etc, they are talking out of their hats.
These are the same people who were telling people to invest in Real Estate when the bubble was bursting, these are the same people who were saying “the paradigm has shifted, this is a different time” and “stay invested in Tech” in 1999 when it was clear that the tech bubble was about to pop.
If one still wants to get into this market, then get in slowly and dollar cost average as I stated above. Be careful and trust no one with you money. Good luck.
1) It is always best to stay invested
2) It is too late to get out
3) The markets have bottomed.
I do not subscribe to anyone of those statements. As a matter of fact the market has not bottomed as yet and I believe that it will bottom somewhere in between Dow 4200-7000. At that point I think if one gets in, they need to do so slowly and dollar cost average.
Based on my own charting there is at least a 70% chance that one will lose money in these markets if they are using the generic methods and advice.
These are not markets for the weak of heart and the inexperienced, it is best to hold your money than to invest with no idea. Do not get caught up in the hysteria dished out by some of the media networks; “these are the best values you will ever see” etc, they are talking out of their hats.
These are the same people who were telling people to invest in Real Estate when the bubble was bursting, these are the same people who were saying “the paradigm has shifted, this is a different time” and “stay invested in Tech” in 1999 when it was clear that the tech bubble was about to pop.
If one still wants to get into this market, then get in slowly and dollar cost average as I stated above. Be careful and trust no one with you money. Good luck.
Sunday, November 9, 2008
A sad time for Blacks in America
Well the euphoria of the elections have come and gone and time for people to get back to reality or perish. I did call this victory since Jan 2008 on my blog: Scapegoat Obama
Anyway, many people seem to think that Barack Obama is the messiah, and things will change for the better, this is doubtful. It did not matter who was elected, the problems would still be the same and it will be a while before things turn around. How much worse it gets will depend on the direction this presidency takes.
Obama is a great politician and maybe be great initially for the poor but in the end all will suffer. Most of Obama’s experience has been in government and none in business, I mean even George W for all his failures did come in to the presidency with some business experience, even though his presidency was a colossal failure. No business experience will be bad for Obama.
In the presidency most of the big decisions are not decided on by the president anyway, however, power can be intoxicating especially when you have overwhelming support of the people. This I believe will make Obama’s failure worse – I believe that he was set up for failure anyway. And the power brokers will quietly sit back and let him fail. No one can get the US out of this mess created by the White power class of America.
With the huge support that Obama got, he and his administration will feel that they know what is right and they will do that. There will be bigger government, more bailouts, and tax cuts for the poor and working class and/or increased taxation for the wealthy. This will lead to the printing presses continuing to run overtime, this will lead to massive inflation and worse failure for his presidency.
Like it or not most of the taxes are paid by the wealthy, and trying to tax them even more, right now, may just drive them away to other countries, in a utopia that may be good but there is no such thing and never will be so cutting off one leg of a chair will lead to its total collapse.
The other alternative Obama has is to let these failed businesses and corporations collapse and let the market correct itself. This will lead to even more people losing jobs very quickly but the presidency will see this as bad for the next elections; the Wealthy make up only a small portion of the voting base anyway and as proved by Obama their contribution is not greatly needed if you have the masses on your side, so expect the former to be the hallmark of his presidency and not the latter.
Obama’s presidency will be a big failure but how badly it fails depends on the choices they make. I actually think that after all the celebrations, Obama’s election at this time is sad for Blacks and all other minorities in America. I wish him well and hope that by some miracle his presidency will be a great one or else we will all be affected by this economic crisis – no one will be spared. However, I do not believe in miracles, but I believe in reality and reality bites real bad sometimes, get ready for some blood.
Note: The reason I am saying that it is a sad time for Blacks; they will all be held culpable, by White America, for a disaster that neither they nor Obama are responsible for. Read my Scapegoat Obama for more detials.
Anyway, many people seem to think that Barack Obama is the messiah, and things will change for the better, this is doubtful. It did not matter who was elected, the problems would still be the same and it will be a while before things turn around. How much worse it gets will depend on the direction this presidency takes.
Obama is a great politician and maybe be great initially for the poor but in the end all will suffer. Most of Obama’s experience has been in government and none in business, I mean even George W for all his failures did come in to the presidency with some business experience, even though his presidency was a colossal failure. No business experience will be bad for Obama.
In the presidency most of the big decisions are not decided on by the president anyway, however, power can be intoxicating especially when you have overwhelming support of the people. This I believe will make Obama’s failure worse – I believe that he was set up for failure anyway. And the power brokers will quietly sit back and let him fail. No one can get the US out of this mess created by the White power class of America.
With the huge support that Obama got, he and his administration will feel that they know what is right and they will do that. There will be bigger government, more bailouts, and tax cuts for the poor and working class and/or increased taxation for the wealthy. This will lead to the printing presses continuing to run overtime, this will lead to massive inflation and worse failure for his presidency.
Like it or not most of the taxes are paid by the wealthy, and trying to tax them even more, right now, may just drive them away to other countries, in a utopia that may be good but there is no such thing and never will be so cutting off one leg of a chair will lead to its total collapse.
The other alternative Obama has is to let these failed businesses and corporations collapse and let the market correct itself. This will lead to even more people losing jobs very quickly but the presidency will see this as bad for the next elections; the Wealthy make up only a small portion of the voting base anyway and as proved by Obama their contribution is not greatly needed if you have the masses on your side, so expect the former to be the hallmark of his presidency and not the latter.
Obama’s presidency will be a big failure but how badly it fails depends on the choices they make. I actually think that after all the celebrations, Obama’s election at this time is sad for Blacks and all other minorities in America. I wish him well and hope that by some miracle his presidency will be a great one or else we will all be affected by this economic crisis – no one will be spared. However, I do not believe in miracles, but I believe in reality and reality bites real bad sometimes, get ready for some blood.
Note: The reason I am saying that it is a sad time for Blacks; they will all be held culpable, by White America, for a disaster that neither they nor Obama are responsible for. Read my Scapegoat Obama for more detials.
Sunday, November 2, 2008
What’s Next
The US government needs money and one of the things they are looking at is taking money from your IRA and 401K.
There is a very real possibility that they will make it law that 5% of your retirement money will have to go towards purchasing government bonds or else you will have to cash out your retirement accounts and fulfill the tax obligations. The government will pay 3% interest on these bonds.
Stay tuned.
There is a very real possibility that they will make it law that 5% of your retirement money will have to go towards purchasing government bonds or else you will have to cash out your retirement accounts and fulfill the tax obligations. The government will pay 3% interest on these bonds.
Stay tuned.
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