Saturday, August 6, 2011

Focus Shifts to the Fed - Barrons.com

OUT-OF-SYNC: Focus Shifts to the Fed - Barrons.com

Yes, but things need to be in balance and move toward balance when they are out of balance.

Right now, the developed world is out-of-balance with respect to the aspirations of the developing world.

The developed world has been in the hands of liberals and unions that don't want to change and want to regulate everything.

The result is that investment dollars, jobs, etc. are moving away from the developed world.

There is also the impact of technology and ideas. These are highly mobile, as are dollars.

The evidence would appear to be that too many in America don't understand a bifurcated economy and the need to make some major changes.

As a commentator on Bloomberg this week suggested, the politicians need to be honest and level with Americans. Maybe Paul Ryan is trying to level - but, the question is whether the Democrats even understand the larger world in which their policies are out-of-sync.

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