Danielle Park, of JugglingDynamite.com fame, joined us again today, and I'm very happy to announce she will now become part of our bi-weekly repertoire. Today Danielle and I took a tour into the never-never land of contemporary financial markets. We share a common outrage of the world governments. It seems the governments of the world are working 24/7 to ensure the most corrupt and destructive financial institutions survive to plunder the globe yet another day. When will it all end? Neither of us has an answer, but we agree that unless steps are immediately taken to slice and dice these predatory monoliths, trouble is waiting up ahead.
Those who save are the ones who wind up paying most for the bailouts, and they receive almost nothing in return. While confidence in every country's obligations and securities is at an all time low, institutions and investors keep putting money into them because there's really very little alternative. The bear market in stocks has gone on for over a decade, and no one sees an end to it. Hopefully, real companies, marketing real goods and services, will herald in a new economic paradigm. Until then, take the current signs of low volatility as a sign to expect the next black swan to appear.
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