[RoninLB]

The Fed Chair's policies is the wild card.

Budget deficits is a negative use of a population's capital. Trade deficits means we are winning the competition for investment capital worldwide. Eliminate earmarks and the beltway hacks will have no choice but to act responsibly.

If asset bubbles are due to an accommodative Fed then I have to assume that money supply growth is in check. The Fed Funds rate seems to be preventing dollar weakness. Current price pressures on commodities will hopefully self correct as they usually do.

Economic growth is the only true shock absorber. I still believe that our economy is dynamic currently. Talking heads have been predicting a slower upcoming economy for a few years. The real danger is protectionism, tax increases, and capital mkt + in house regulation. They tried to screw up the mutual fund's beautiful mkt efficiency by passing a reg for an outside Chair. I think that was repealed ???

The current down draft in the stock mkt is a common off Pres elect yr bear correction in an overall bull mkt imo. Either you believe that the US capital structure is the best in dealing with worldwide competition or you don't.

you are either pessimistic or optimistic. You can invest accordingly.

all above a prejudicial rant.