6/30/10

Too late, gentlemen. Too late.

News from USA Today. TORONTO — The world's leaders agreed Sunday to begin transitioning from spending to saving as they walk what Canadian Prime Minister Stephen Harper called a "tightrope" between government stimulus and debt reduction.

My point. First they gave everything we asked. And more. Then we get in trouble. Now they take it away. Now we really get in trouble.

Is this the way to run the political ship? Incredible. But there is nothing we can do about it. That's how the world works.

Our government keeps still giving ... healthcare. Do we need it? Absolutely yea. Can we afford it? I do not know. They do not know.

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.The content on this site is provided as general information only and should not be taken as 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: