It was my intention to not discuss the caucus results of Iowa and or Barack Obama at all so early in the election. I was hoping after reading a substantial corpus of blogs from around the globe I would see a majority of the implications discussed. Especially after such a "stunning" victory (others words not mine; stunning to me is 50% of the votes).For the record, your boy here likes to stack a little change. Easy change which means using your brain. Maybe some consulting or statistical data analysis mostly, but also in them markets, precious metals and Forex exchanges. I mean I bought my first stocks when the DOW was at 3500 (which fell today 266.84 to 12,998.28). So one could suffice to say I have accrued and nice sum of chump change.
However, I feel that whoever the next President is, there will be something to deal with that won't be easily dealt with either with the rhetoric of experience or new leadership. This week, an ominous and unfortunate event occurred, the price of oil went over the mythical $100.00 a barrel mark. Although it returned below that level, it did happen.
True, the price is a function of increasing demand, especially from countries in Asia like china and India, but it is also a major consequence of the falling dollar. It is also a function of disruptions abroad due to civil unrest and war. Not to mention, that in America, there is no productivity in manufacturing, we make nothing anymore, no job creation and as noted in 2007, a 40% increase in consumers filing of bankruptcies. The latter itself is the function of another indicator - the increase in foreclosures and the decline of the housing market.
Now I'm no economist, but I think I was taught well by my 10th grade Econ teacher at Hamilton High School in Memphis, Dr, Moyer, but I can say that when Bush came in, we had a surplus and now, by the next 120 day, who knows, maybe inflation. And the Federal Reserve may not be able to do nothing about it. I mean as long as I have been investing, in particular in forex and precious metals, the dollar normally increased proportionally to the price of Gold. Now the dollar goes down as gold (and oil) increases. This scares the fuck out of me and the 300K plus I have saved over the years.
So yep, Obama won Iowa. I do wish him the best albeit I am supporting neither democratic or the republican nominee. Nonetheless, still more states and regardless of whoever wins, I feel sorry for poor Mr. or Mrs. President, whoever they maybe.
[PS: ANY YAWL SEE HOW ROMNEY STOLE THE MESSGE OF CHANGE FROM YO FOLK OBAMA-LOL. THEY STOLE ROCK NOW THIS.]
