Archive - Jan 24, 2010 - Blog entry

The timing and haste of the newly proposed Volcker Rule by Obama has drawn criticism that this is simply a transparent attempt at populism in light of the Dems Massachusetts defeat. Moreover, it certainly does not address the more dire issue of the Middle America – jobs.

Bankers are destroying Capitalism. Unfortunately, most Westerners won’t realize this until five years from now, when the middle class has been forcibly relegated to the ranks of the poor. And this isn’t just a situation that will afflict America but it will likely afflict Japan and many countries in the EU such as the UK, Spain, and Greece just to name a few.

Whenever I read that pension fund consultants are "being inundated with requests," my antennas go up, as does the hair behind my neck!

Make no mistake about it, investors remain poorly positioned to weather a sell off.