Wait, there’s a good article on Marketwatch?!?!?!? At first, I couldn’t believe it myself. Other than TH’s trading war stories, I haven’t seen anything useful on that site since the Nixon era. But now Paul B. Farell has got my attention, and my respect, for writing THIS article entitled “11 reasons America’s a new socialist economy”.
After all, it doesn’t really matter what you believe politics- or investment-wise, the fact of the matter is our country stopped being great and now everyone’s scrambling around to figure out where we went wrong.
The incompetent SEC is trying to skapegoat short sellers (FYI prohibiting a free stock market and trying to save suicide kings like Federal National Mortgage Association (NYSE: FNM) — Fannie Mae — and Federal Home Loan Mortgage Corporation (NYSE: FRE) — Freddie Mac — screams socialism.
And investors, specifically sissy value investors, aren’t helping as their flawed ideaology is losing sheep-like, marketing-gullible investors prey billions as their “long-term investments” in bumbling behemoths like General Electric Company (GE) & American Express Company (AXP) goes straight to ____________ (fill in with the derogatory word of your choice).
Blah blah blah, enough of me whining, see some of the article’s snippets below to see how much better of a whiner Farrell is: … [visit site to read more]
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