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Mon, Oct 6, 2008

Down to Business

Welcome to the United Socialist States of America. It’s taken only eight years under Bush for our country to morph from a beacon of freedom and democracy with a mandate to bring peace and prosperity to developing nations into a dangerous giant spreading financial and political chaos around the globe.

After spending billions of dollars on war on terror, we still see Al Qaeda and the Taliban sending up smoke signals to it’s troops - hell bent on killing Jews and Americans. The American economy, once an engine of global economic growth has stalled. US debt is loosing its AAA rating, sending stock markets from Shanghai to London into a free fall. In the face of all this, however, we see the greenback holding up surprisingly well, largely because US assets still look attractive to foreign buyers.

The new government being voted for on November 4th better think critically about enacting any significant changes to regulation or taxes that would move the country to a nationalized economy. We are getting dangerously close as we speak…

This post was written by:

Garry - who has written 4 posts on CFO Lounge.

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