11/23/10

The markets always win

Nov. 23 (Bloomberg) -- Michigan taxpayers foot the bill for the most generous movie subsidies in the U.S. Since 2008, the state has allotted $282 million to lure the filming of Hilary Swank’s “Conviction,” Clint Eastwood’s “Gran Torino,” George Clooney’s “Up In The Air” and more than 120 other productions.

It is time to pay the piper. Make no mistake about it. We lived in never never land in the past 30 years. Borrowing and spending without creating the wealth to pay for it.

The markets always win. They have a special way of catching up with what we have done wrong. Time to be humble. Time to work hard. Time to save for the future. Time to get educated.


George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked best market timer in the 12 and 6 months ending 8/20/10 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.

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