6/8/10

The end of socialist ideas?

News. June 8 (Bloomberg) -- Nations have reached a “Keynesian endpoint” as exhausted balance sheets leave policy makers with few options to bolster economic growth, according to Anthony Crescenzi, an investor at Pacific Investment Management Co., the world’s largest bond-fund manager.

My view. I do not know. It could be. But it will take some time for people to realize they have been enslaved by government bureaucrats.

The USSR is a vivid lesson. People remained enslaved for decades. Finally the system collapsed.

This is what is happening now. Governments believed in Keynesian ideas. They pushed to the limit, I am wondering what Keynes would think about what is going on.

He would probably say that it is in the genetic spirit of humans to push, and push, and push. Until the system breaks down.

It is all about power. The markets, however, always win.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest

To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.

Disclaimer. No material here constitutes "investment advice" nor is it a recommendation to buy or sell any financial instrument. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.

No comments: