Saturday, September 29, 2012

Alan Abelson's Up & Down Wall Street - Barrons.com

Alan Abelson's Up & Down Wall Street - Barrons.com


As someone remarked, "Maybe the Spanish should send an Armada of 'common scence' to Sail for Washington, D.C."

Do the Spanish really have 'common sense'?

Or, in other words, have they really done something that would Spaniards want to start investing back in the economy (should the banks even have funds to lend); or, would a foreign company decide Spain was a place to set up operations?

My guess is that the answer to both is a resounding 'no'!

And, as for common sense at home, it's almost beyond belief that so many people still believe a social worker (i.e. Obama) is the type of person to oversee an economy and provide growth.

They see the results of having a social worker in charge and actually belief more of the 'same-ol, same-ol' will produce different results from what it has been producing - which, heaven forfend, has been subpar growth with increasing lower and lower percentages of individuals participating in the labor force.

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