Belmont Club

By Richard Fernandez

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The circle closes

October 6, 2008 - 3:10 pm - by Richard Fernandez
sigintel
2008-10-06 20:11:31

Slade has pegged the real issue in US economic stability and that’s the move away from building a long term, sustainable business. The shift from long term financial return on investment to “get rich quick”…dotcom mentality along with the near sighted, narrow minded quarter by quarter financial analysis by the “Wizards of Wall Street” and “earnings report madness” has been a big factor of getting us to where we are today. Government interference in capital markets also has contributed to the cascading financial failures and the “Great Panic of 2008″…OBL must be loving this…he doesn’t need a suit case bomb to take out NYC and the US economy…he’s got the US congress, POTUS and the Fed doing all of his dirty work for him.