Speculators like this Congress and administration. Unlike big media portrayal, successful speculators are not anything like wild gamblers. Instead, they watch for the signs that indicate which way a market is likely to trend and wait for confirmation of that trend. Major speculators like George Soros take relatively small positions ahead of the confirmation for a couple of reasons: (1) with the amount of money they trade, they cannot wait until the last minute to make their big moves and (2) they try to capture even larger profits. But they are not fools; they work hard to limit their risk.
So why do speculators like this government? Because this government is making it easy for them to reasonably predict the outcomes. History repeatedly reveals that a lot of national debt, increasingly large deficit spending, and an increasing money supply lead to higher taxes, a shrinking economy, and more inflation. Only politicians seem to believe that they can achieve different results by making the same poor decisions. Knowing this, speculators are already positioning themselves to take advantage of the results of today’s ill-advised federal economic policies. They will not cause these economic catastrophes, even though they will be blamed for them. They will merely take advantage of the setup given them.
So what about normal folks like you and me? Well, unless we take advantage of the same economic information and simple tools that are available to enable us to ride the coattails of the bigger guys, we’re going to see our hard fought gains evaporate yet again. If you work with a financial planner, I suggest that you meet with him/her to discuss action to take in the event of another major market downturn. If you do not work with a financial planner, or want to do a little personal research, I recommend taking a look at the resources provided by Martin Weiss and the Weiss Research Team. The basic information resources are provided at no charge. Read some of them, draw your own conclusions, and make your own decisions.
So why do speculators like this government? Because this government is making it easy for them to reasonably predict the outcomes. History repeatedly reveals that a lot of national debt, increasingly large deficit spending, and an increasing money supply lead to higher taxes, a shrinking economy, and more inflation. Only politicians seem to believe that they can achieve different results by making the same poor decisions. Knowing this, speculators are already positioning themselves to take advantage of the results of today’s ill-advised federal economic policies. They will not cause these economic catastrophes, even though they will be blamed for them. They will merely take advantage of the setup given them.
So what about normal folks like you and me? Well, unless we take advantage of the same economic information and simple tools that are available to enable us to ride the coattails of the bigger guys, we’re going to see our hard fought gains evaporate yet again. If you work with a financial planner, I suggest that you meet with him/her to discuss action to take in the event of another major market downturn. If you do not work with a financial planner, or want to do a little personal research, I recommend taking a look at the resources provided by Martin Weiss and the Weiss Research Team. The basic information resources are provided at no charge. Read some of them, draw your own conclusions, and make your own decisions.
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