Ellie's World

Sunday, September 16, 2012

The Week Ahead

Sunday always takes us to finance and what lies ahead this week - what the markets will do and how the games will play out. More people pay attention to the economy than in the past, as things have gotten so bad, and people can see through the lies and deceptions that got us here. People tell me that the economy is going to turn around based on past patterns which could take up to 10 years. But never before has the economy been global to this extent, therefore there is no historic evidence to support that conclusion. To quote from a NY Times article today: "Goldman Sachs pays vast fines to avoid prosecution for mortgage securities fraud. Barclays manipulates interest rates. The Senate exposes HSBC as a racketeering enterprise, laundering money for drug cartels. Banks are laden with bad assets." Do individuals really think we've been here before ? They should talk with old Lehman Brothers employees. Further ... we won't be here 10 more years to find out.

Arianna Huffington - Sunday Roundup Huffington Post - September 16, 2012
This week saw the attack on the U.S. consulate in Benghazi, Libya that resulted in the death of four Americans, including Ambassador Chris Stevens. It also saw Mitt Romney's reaction to the tragic events, which was to the 2012 campaign what John McCain's selection of Sarah Palin was to 2008 -- the kind of desperate act that makes even one's allies worry about their candidate's fitness to lead. It's a bell that cannot be unrung. The week also brought word that over 46 million Americans remained below the poverty line last year, while a new study found that poverty is "nearly invisible in U.S. media coverage of the 2012 election." When you have 46 million people living in poverty and neither the candidates nor the media want to talk about it, you know the American Dream is in serious trouble.

Where is this going? Is the just more drama in the program that subsides in the weeks and months ahead or are these the end-time energies taking hold? What about Iran? Is the US government lying when it says things are improving? Seriously?

As protests calm, tensions remain as U.S. seeks to protect embassies CNN - September 16, 2012
Muslims hold demonstrations worldwide

Monday starts things off with ...

September 17, 2011