We know that gold is soaring.
And we know the dollar is slumping. But, did you know that year-to-date, while the S&P 500 is up 18 percent—a great showing no doubt—gold is up even more.
The precious metal is up 21 percent. In other words, measured in true, gold-backed purchasing power, stocks have really done nothing this year. Zip. It is most disappointing.
I try to be optimistic about better earnings, a stock market rally and economic recovery. And I’m sticking to my guns. But what we’re seeing right now is pretty darn close to what we witnessed in the 1970s—the rise in gold and inflation really cuts into the stock market.
Kudlow is a supply-sider. His solution is to do what has worked in the past. Lower taxes and reduce Federal spending.
Fat chance that Obama will follow Kudlow's advice.
I wish we'd had a chance to talk before you made this decision. It might have made a difference. I worry in time you will come to regret this. I will miss you and when I read Sowell I will think fondly on you. I wish you the best of luck now and always.
ReplyDeleteHi Sharm,
ReplyDeleteI thought that I might hear from you.
You write as if you think we should never speak to one another again. Why is that?
Please, whatever happens, remember that I am still your friend.
~
I would like to put you a little more at ease with the decision that I have made.
It was not come to capriciously.
It was in fact, long in coming.
~
Charles has the right to run his blog as he likes. I support his right to do with it as he pleases.
I am grateful to him for the time that he allowed me to post there. For the most part, it was a lot of fun.
I was able to meet a lot of interesting and enjoyable people. I count you as one of them.
~
A blog belongs to its owner.
A community belongs to itself.
Every individual member of a community is a free agent answerable to his/her own conscience. While many people may come together and form a community, they are all free to come and go within it as they please.
My time had come.
I do not wish ill of anyone who has chosen to remain.
I am chagrined that Charles has made it so that people have to choose between him and those that remain with him against those that have left of their own choice or those that have been cast out. I think it mighty strange in fact that it ever came to such an extreme state.
Yet I still support Charles' right to act however he wills in regards to how he runs his blog.
I don't have to like what he does with it. (And I don't like it.)
I don't have to continue to participate in it. (So I won't.)
~
Last Thursday night, I went back to some of my early postings there.
It was a bittersweet experience.
~
You may recall that I often asked the new hatch-lings why they had come. Why did they want to join?
Looking back through all of those old post brought those questions I used to ask of others back to me.
My answer made my decision.
~
Those Were The Days
Once upon a time there was a tavern
Where we used to raise a glass or two
Remember how we laughed away the hours
And dreamed of all the great things we would do
Those were the days my friend
We thought they'd never end
We'd sing and dance forever and a day
We'd live the life we choose
We'd fight and never lose
For we were young and sure to have our way.
La la la la...
Those were the days, oh yes those were the days
Then the busy years went rushing by us
We lost our starry notions on the way
If by chance I'd see you in the tavern
We'd smile at one another and we'd say
Those were the days my friend
We thought they'd never end
We'd sing and dance forever and a day
We'd live the life we choose
We'd fight and never lose
For we were young and sure to have our way.
La la la la...
Those were the days, oh yes those were the days
Just tonight I stood before the tavern
Nothing seemed the way it used to be
In the glass I saw a strange reflection
Was that lonely woman really me
Those were the days my friend
We thought they'd never end
We'd sing and dance forever and a day
We'd live the life we choose
We'd fight and never lose
For we were young and sure to have our way.
La la la la...
Those were the days, oh yes those were the days
Through the door there came familiar laughter
I saw your face and heard you call my name
Oh my friend we're older but no wiser
For in our hearts the dreams are still the same
Those were the days my friend
We thought they'd never end
We'd sing and dance forever and a day
We'd live the life we choose
We'd fight and never lose
For we were young and sure to have our way.
La la la la...
Those were the days, oh yes those were the days