How to Invest in Barack Obama's "Workers Paradise"
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The Obama administration may be doing everything in its power to destroy private industry jobs faster than the government can "create" them. The U.S. government itself may be the best growth industry in the U.S. as the government directs taxpayer money into the industries and pet projects of its choice.
Normally in capitalist economies, recessions clean out businesses and consumers whose risk-taking did not succeed or who accumulated excessive debt and cannot pay it back. A downturn will then lay down the foundation for healthy growth in the future by rewarding both older and new business success stories and punishing businesses that did not adjust to a dynamically changing economy and therefore failed. This is sometimes a painful process.
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The Obama Factor: Why His "Change" May Make You Economically Worse Off
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Americans are known for voting according to the health of their pocketbooks, and this year's election may be no exception. While Ronald Reagan's election in 1980 emerged out of the very noticeable dissatisfaction with the economic policies of the Carter years, Senator Obama may capitalize on similar sentiment among voters today in the race for the Presidency.
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How Obama May Bomb the Stock Market and the Economy in 2009-2010
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I would like to draw your attention to the following web page graph denoting the Presidential futures market vote shares between Democratic and Republican candidates in the upcoming 2008 Presidential Election (as expressed in the Iowa Electronic Markets - a respected election futures market):
http://iemweb.biz.uiowa.edu/graphs/graph_Pres08_VS.cfm.
This shows a potential Obama victory in the Presidential election, as the Iowa Electronics Markets has a good record at predicting election outcomes.
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Stock Prices and the End of Disinflation
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The disinflation we have experienced in our economy from 1982-2007 (until what I call the silent inflation of the last couple years turned into a more evident broader inflation in recent months) has been in my opinion one of the major underpinnings of the long term bull market in equities during much of the former period. This time was punctuated by the 1987 crash and the 2000-2003 post bubble era bear market. In addition, the lower regulation and non interference with the economy ushered in by the Reagan administration over two decades ago created an atmosphere conducive to investing in stocks and bonds - not to mention Paul Volker of the Federal Reserve Board being determined to successfully break the back of the 1970's embedded inflation.
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