Socialism for the Rich

Though it may actually be a good thing, it should still be noted that the nationalisation of Fannie and Freddie means all the higher-ups of those companies are going to get off with all the money they line out to themselves via salaries and bonuses and now handing the bill to the Fed. Nice...whatever.

This country has two economic platforms: Capitalism & Corruption (read: socialism for the rich) Bailouts at the top of society and the bottom. Though I'm sure the bottom still sucks. Female, poor, and need sympathy...just get pregnant; need some paid time off...just get fired and go get your check; old and out of shape?...ah whatever...

Millionaires under 30

I just watched a small segment on CNBC about some of the top investors are under 30. I'm 29 and have for about 10 years been an on/off trader and market enthusiast. It just makes me wonder about ambition. Which is the main factor of those under 30 (or even 40) that allows them to be successful. It really boils down to that...along with some organizational skill. Organized ambition is what built the country, discovered the "new world", built the atom-bomb. There's a quote that often seems to embroil me rather than encourage, but "you've got the same number of hours in your day as Newton, Einstein, Dylan, Da Vinci, Magellan, Franklin, Washington, even Bush." Okay, that's not exactly the quote, but it's something like that. Anyway, use the hours.

Statistical Indicators

How far out do statistical indicators have to be before they become 100% worthless? An example would be:

The Index of Leading Economic Indicators fell 0.2% in Dec., the 3rd straight monthly drop. Year over year, the LEI sank 1.4%, the worst drop since the ’01 recession. Also, ECRI’s leading U.S. index rose for a 2nd week. The annualized growth rate edged off a 6-year low to -6.7%, but is still at recessionary levels.

-From the Jan 22nd IBD

Leading Economic Indicators? I gotta look into that.