Atlas Stumbled
It takes broad shoulders and a strong back to support the global economy.
September is notorious for being a difficult month in the US markets. This year is shaping up to be no different.
World markets depend on the continued American consumption of anything and everything. With real estate prices and home equity continuing to fall, and job losses escalating, the social mood is in a funk.
These are historic times.
Lehman Brothers is on shaky territory, and rumors abound about it’s solvency.
Even a swift perusal of Sway is enough to convince the casual reader of the irrational behavior of human nature. Individuals become victims of their own emotions.
What is now becoming more clear is the folly of the collective psyche.
Sir Alan has saddled the civilized world with debt, and now the salvation is more debt?
The major players are hemorrhaging cash, and this Ponzi scheme is rapidly unwinding.
Don’t be fooled, guard your cash and remain vigilant for the opportunities as they materialize.
Time will show us if Ben B is the modern day Heracles or not.
Wealth Blog
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