You've Got To Be Kidding Me

A discussion on gold, silver, and the markets.

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Location: Freehold, NJ, United States

Married with two children and one toy poodle which was not my first choice but I like her anyway. Been on the Street since 1989, mostly as a retail broker.

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Thursday, January 17, 2008

Our Fearless Leader.....

will be announcing a framework of a stimulus package tomorrow to help stave off the recession that is already here. While all the details have not been worked out, some highlights include an $800 tax rebate per individual tax payer which is more than double the previous $300 rebate that was given out in 2001, business tax cuts, and a country wide party with free beer to make everyone feel better about themselves. Because Bush, is not demanding that his previous tax cuts, due to expire in 2010, become permanent, there is bi-partisan support for the plan. Final details are still being worked out and should be announced the next week for the State of The Union Speech.

The Japenese stock market which was off almost 400 points is now slightly positive. This is a huge positive for gold, which is now down less than $5. (Hmmmm....good news for gold....prolly be down $30 tomorrow. I kid! I kid!).

I guess my four years of business school was for naught. I was taught that a recession is a natural part of all economies. Something to do with peak and valley thingies. Yeah, throw money at the situation, that will help.


Party on Garth. Party on Wayne.

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