US Economy and Globalization Part 6 of 17

Certainly, some risk remains that downward momentum will emerge. Personally, I worry about the plight of big population states like Florida and California, where the housing correction is having its severest impact. I note the reports issued by express shippers and ground transportation firms that show deceleration in year-over-year trends in pre-holiday traffic across the nation. I realize that Wal-Mart Short Swing Trading and other large retailers have seen a slowing in same-store sales growth, that shopping mall traffic is down, and that the restaurant businessa not-insignificant part of the service sector that employs 14 million Americansis showing signs of strain as customers migrate from casual dining to more affordable fast-food providers. And, if you parse the data for the third quarter, you will see a pretty stout guesstimate of inventory accumulation. These are prototypical signs of an economy in stress.

Yet, before each FOMC meeting, I consult 35 CEOs from a broad range of businesses, and with the exception of homebuilders, not a single one of them feels the economy is at risk of falling off the table. Big builders and engineering firms report a booming domestic infrastructure business, especially in the petrochemical sector from Turn $200 into $4630 in 30 Days the Gulf Coast up through the lower Midwest. The tech folks continue to find demand briskas manifest in earnings reports of Microsoft, Apple and others.

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The Egocentricity of the Present Part 19 of 22

To repeat, the objective of Stock & Option Trading all this activity is to provide a bridge for the financial system while it transitions from a period of indiscriminate excess and gets back to normalcy. I do not believe the Fed should be, or is, bailing out any particular institution. Nor do I personally believe that any institution in and of itself is too big to fail. But I do believe that we must have a financial system that is in working order. We must have a system where the chain of delegated monitors operates smoothly and efficiently. We must have a system where the pipes that nourish capitalism sustain the fertile lawn that is the American economy. It is the Feds duty as lender of last resort to lead the way to restoring the efficacy of the financial system.

The Fed has made some tough judgment calls lately, and, having Metatrader Expert Advisor - Prophet I Profitable EA been party to making those calls, I can assure you they certainly were not made lightly. In principle, we know that the market should decide the winners and losers, who survives and who fails. I am a big fan of Winston Churchill. It is always more easy to discover and proclaim general principles than to apply them, Churchill said. I now know full well what he meant.

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