East Coast Swing (10 dance steps) at Dayton Polish Club

Rhetoric or Results

There's talk of a new Republican candidate for President, Mitch Daniels. Upon hearing him this morning on Meet The Press, I can appreciate how his peers are encouraging him to take a run. With all the bipartisan bickering, obfuscation and intransigence on Capitol Hill, this man appears to possess the common sense which has clearly been lacking among legislators. HIs tone is neutral, his disposition is respectful and he appears to exercise intellectual depth without the gravitas of conceit and ego. In the midst of a federal deficit and debt crisis with the U.S debt poised to become unmanageable, Daniels has established a track record of fiscal discipline as Governor of Indiana pulling the State back from the brink all while experiencing the worst recession in recent memory. When his adversaries criticize him for calling a "truce" on social issues, Daniels expresses the need for results instead of rhetoric in the face of of paralyzing legislative gridlock.

Bay Street Was Wrong & Gold Bugs Were Right

......and here we sit at $1,426 gold this morning from $250 in 2002. It goes to show that you've gotta be careful who you listen to. That banker of yours is about to disburse your RRSP dollars into a mutual fund that you may not know much about. Please educate yourself and digest the fact that financial institutions have a primary interest in keeping your capital above your primary interest of growing your capital. The sarcastic Charles Schwab commercials speak volumes. There has been a tremendous opportunity cost over the past decade when factoring negative growth compounded over time in balanced do nothing investments. Am I a fortune teller of investment opportunity? Absolutely not but anyone with a simple propensity to grow their net worth can certainly read economic data with fundamental comprehension having not studied macro economics 101. All's I'm suggesting you do as I ask all of my tax clients - operate intuitively with basic sound principles of global economic insight while gaining an understanding of industrial supply and demand forces along with the mechanisms of markets.

Perhaps, I will update another blog of interest more regularly. Feel free to subscribe with RSS.

Gold Mining Generally