marketmaker's blog

In times of turmoil and uncertainty, it's always a good if not an opportuinistic moment to scrutinize foundamentals. Now the global economy is experiencing a significant revision not only in the pricing but in the structural models it uses. There has been a steep, dramatic inravelling of a financial system, built and dominated by monetarists. People who belive in small government, central banks, and the omnipotent powers of self-regulation and development of the market players.

Across the nation and the world, critics and fervent supporters have accepted an Obama presidency as a fact now. The main message that would stick to the mind of the business minded electorate this election is taxes. Not only Joe the Plumber but many enterpreneurs trying to find safe heaven in the recession now have to think about the new burden "tax-and-spend" policy will bring.

Still... what are the facts. Here is the complete Obama tax plan quote:

Almost all of the economic woes experienced recently are due to pricing bubbles. A brief look however in the decade not yet passed shows that those have re-occurred at an alarming rate. Capital has shown an unusually strong flocking behaviour. Many blame the the hands-off-pour-in-more-cash policies of the Bush administration for tackling recession; while some say that it's all the doing of the hedge funds and the investment banks (  God bless'em). There is probably not a single reason.