So lately the market seems to be recovering. Still no word on a job, but hopefully soon. But my worry is this: Several months ago I was talking with my Dad and he asked if I thought it was time to get back into the market. I told him no, and the reason why was that until governments both in the U.S. and Europe can spend their money in a sustainable fashion, i.e., have budgets where old people aren't stealing from those working and borrowing to do it, any short term increases or decreases in the market probably aren't sustainable.
Now, I'm not an economist, and this is just my theory. Well, it's my theory based in part on these links and videos:
link to the video posted above: Nigel Farage
Link describing Obama budget cuts, but pay close attention to the amount being spent on entitlements such as Social Security & Medicare: Wimp.com video
Also, keep in mind all the stories this week about how the Europeans actually borrowed money from the U.S. Federal Reserve... which borrows money from Asia. Nice.
So why am I writing all this? I dunno. I thought the video was funny. But I certainly hope the economy improves, and that I'm wrong about this stuff. In the meantime, I don't have money to invest anyway, but if I did, I'd be awfully cautious about where I put it.
