I’ve been stymied for the last 10 days; nothing to say.  There seems to be a drum beat of misinformation, political lies, and disingenuous evaluation of company stock and a country’s economy.  We are living in a fairy tale where truth no longer exists.

Mortgage rates are lowest ever?  Really?  Who is eligible for these mortgages?  Boisterous and whining millionaires complain that there are onerous rules.  What?  Where?  None of the financial “reforms” have gone into effect and not many have even been proposed.  CDS, credit default swaps, can be bought to “insure” you against things you don’t own and can be bought and traded “over back fences and dark allies” because trades are still a secret.  This is reform?

The economy has bottomed and times are better.  For whom?  Recent data shows fragile economic improvement and month-on-month data showing weakness.  The Indexes climb and people are starting to invest.  I say, “not the time.”  Price increase  of many stocks has advanced more quickly than their revenues or profits.  The Indexes are higher mostly because of Apple’s explosive rise in value(we think) or price for sure.

Healthcare reform is over-whelming, costing a fortune, and rates are rising because of “Obamacare” says TV pundits, talking heads, and 2-bit politicians.  Yet, the first steps of healthcare insurance is still two years away.  We haven’t even started to address healthcare reform.

Up is down, right is left,  the rich scream for more and the poor are silenced.