Posts Tagged ‘Regime Uncertainty’

David L. Berkowitz Portfolio Manager & Advisor VALUE ALIGNED PORTFOLIO THIRD QUARTER 2010 Dear Friend, For the 3rd quarter, the S&P Total Return Index ended up +11.3%.  The ValueAligned Folio was up

ObamaCare - the way it was passed, its content and now its implementation - is the primary reason that small businesses are not recovering and hiring. Is there a way to make Obamacare worse? Yes, by giving the authorities loads of discretionary power so they can selectively exempt favored companies from the onerous rules. And that’s what’s happening right now. Bloomberg reports, Nearly a million workers won’t get a consumer

The most important initiative you could take to improve the world economy would be to stabilize the dollar-euro rate... It's part of the sickness of the system! These currencies should be fixed, as they were under Bretton Woods or the gold standard. All this unnecessary noise, unnecessary uncertainty; it just confuses the ability to evaluate market

In Tuesday's Wall Street Journal, they reprinted James Madison’s Federalist 62. The Federalist Papers ought to be required reading by every US citizen. Here is what the eventual third US President had to say in 1788. In another point of view, great injury results from an unstable government. The want of confidence in the public councils damps every useful undertaking, the success and profit of which may depend on a continuance of existing arrangements. What prudent

By Jeff Harding, on September 8th, 2010 URGENT LETTER TO THE PRESIDENT: The PresidentWhite HouseWashington, D.C. 20500 Dear President Obama: I observed with some concern a photo of you and your glum economic team in the White House Rose Garden during your September 3 address on the jobs report. I am aware that you are gravely concerned about the economy and

Why Bigger Government is not Working? John Stossel The problem today is that the economy is not being left alone. Instead, it is haunted by uncertainty on a hundred fronts. When rules are unintelligible and unpredictable, when new workers are potential threats because of Labor Department regulations, businesses have little confidence to hire. President Obama's vaunted legislative record not only left entrepreneurs with the burden of bigger government, it also makes it impossible for them

Regime uncertainty in real life: In this video, a reporter for the Orange County Register does some research and actually talks to California CEOs to find out why they are not hiring in the United States.  Here's a guy that has cut through the rhetoric and asks real life people why they are not hiring. Bigtime HT: To Get Rich Is Glorious Here's some of the answers: 1. Higher costs imposed by the Federal and State (CA) governments 2. Fear of what

Here's a passage from Allan Meltzer's opinion piece in the Wall Street Journal today.  It's important because he explains why after 18 months of policy repsonses by the Obama Administration and the Congress, growth is terrible and jobs are not being created.  His conclusion - it's the "uncertainty stupid".

The reason for sluggish jobs creation is best described by paraphrasing a recent movie title: Mr. President, we’re just not that into your policy initiatives.  Here are the two issues Obama doubled-down on in his speech that are in direct conflict with his hope of new small business jobs. Health care reform: Most Main Street small business owners will be reluctant to hire new employees as long as Obama and his party’s leadership push a health care reform agenda that sounds

Freedom took a hit in 2009.  One year into the Obama presidency and America is no longer classified as having a “free” economy, according to the 16th annual Index of Economic Freedom, a joint report by the The Heritage Foundation and The Wall Street Journal.  The land of the free and the home of the brave is now only “mostly free” for the first time in the report’s history.