[sarasmom]

Well, I don't have your financial knowledge, and I certainly don't have a large portfolio, but it seems international economics still has a modicum of underlying common sense.

The EU is failing, due to its inherent socialist base.
One wonders if many of the "investor class" have already forgotten the lessons learned from the recent dotcom bust.

Got a product?
Who wants to buy it?
What is the actual profit margin?

Seems to me lots of people with more money than sense forget to get answers to the three basic questions, while they indulge themselves in a quest for power outside of their investment capability.

It seems once some people attain a certain degree of wealth, they get bored, and seek power instead.

Eventually, they get what they deserve, in a democracy.
If not smacked back down, at least relegated to living an unhappy life.
Kharma is an awesome force.
Thank God.

[B4Ranch]

Not a peep from Congress on the massacre of M-3. Oh the figure will be calculated. We just won't be allowed to know it anymore. Really begs the question, once again, why? Obviously because the Master Planners expect to have to increase the Money Supply very rapidly, to extraordinary levels next year.

http://www.safehaven.com/article-4108.htm

[B4Ranch]

Fed has increased money in circulation (M3) by levels usually only used in a dire crisis

In the last month, the Feds have printed an additional $155 billion in new currency (with nothing to back it up - it is just paper). Amazing! It looks like the Feds are doing everything in their power to make the economy look OK for the elections next fall.

This is just my opinion, but it seems to be the height of recklessness to use extreme monetary measures, usually reserved to avoid a financial collapse, etc., just to make the economy look good for the upcoming presidential election.

However, maybe I am being too optimistic: perhaps there is a looming economic collapse and the Fed is acting responsibly, performing a last ditch effort to prevent a historic crash. (Hopefully, this is just politics!)

http://mark-watson.blogspot.com/2004/06/fed-has-increased-money-in-circulation.html