Sunday, June 6, 2010

As Good As It Gets...until January in NI?

The past week some important news was lost in the Pay-2-Play (just politics as usual, nothing really) news vortex. One item is a long overdue media breakthrough, the other of an Historic important trend that is being completely ignored during the European financial circus. The best news of the week, also under reported is that G20 decided against continuing Bailout nation policy in deference to addressing deficit spending. -Even Helicopter-Ben Bernanke now thinks it's OK to address the Deficit spending trends.- This is a policy I can believe in, if it were only possible for the Corrupt-o-crats to implement we would be set on the right path.

Media Breakthrough

In an interview with CNBC, Steve Wynn says what the Tea Party Patriots have been feeling since the first event. “No one has any idea what’s next…the uncertainty of the business climate in America is frightening, frightening to everybody, and it’s delaying the recovery.” To have a captain of industry finally point the finger at our miscreants in Washington that garners any attention is indeed a breakthrough. Unfortunately I am not confident that any incumbents will get the message and so I believe it is up to WE THE PEOPLE to become the People of "the Land of NI" (No Incumbents, not a Monty Python reference) If they are IN, they ARE the problem, which brings us to THE driving issue for the November Elections Cycle in 2010 - THE ECONOMY.

Historic Economic Event

A little reported BusinessWeek trend from the Commodities Markets (The Journal of Commerce Industrial Price Commodity Smoothed Price Index) that tracks the growth rate of steel, cattle hides, tallow and burlap plunged 57 percent in May, two years after a decline that foreshadowed the worst recession in half a century. In October 2008, the index fell at a 56 percent annual rate, which was then the lowest level since 1949. Now, “the collapse in the commodity index is telling us that the peak in global industrial growth is imminent, it’s here right now,” Achuthan said. “Markets are going to have to deal with the reality of a slowdown.”

It's Not What You Say, It's What You Sign! 

So no matter what they Say, about intentions to Fix the real and imaginary problems, the Laws and subsequent Regulation being executed by President Obama ARE impacting the business climate. We are now at the TOP of Economic Growth curve caused by the Bush+Obama Stimulus programs.

If As-Good-As-It-Gets is not enough for you...

Follow me to the Land of NI.

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