Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. While I do make mistakes, I try hard to do my analysis thoroughly, and to make sure my data are correct (old habits die hard!) Also, don't ask me why I called it "Volewica". It's too late, now.

BTW, clicking on most charts will produce the original-sized, i.e., bigger version.

Friday, July 22, 2011

Tea Party Numpties

Looks as if some sort of compromise is happening. As some political commentator once said about the British Cabinet:  Nothing concentrates the mind of the Cabinet quite so much as a fall in the Pound.  Do any of the pollies playing chicken with the US debt cap know just how dangerous a default by the US would be?  I suspect the intelligent ones (if that's not an oxymoron) do.  Which is why I'm not selling and running screaming for the hills.  (Why the hills?)

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