Winehole23
11-20-2012, 03:26 PM
Read more: http://www.minyanville.com/special-features/random-thoughts/articles/The-Short-Sale-of-American-Icons/11/20/2012/id/45964#ixzz2CnR3rGPo
A few years ago, Professor Peter Atwater of Minyanville offered, “As we enter the New Year, I’d recommend that folks review their investment holdings with the growing wave of populism in mind. I anticipate that the phrase, “For those to whom much has been given, much is expected,” will take on new meaning.” (Also read The Robin Hood Economy (http://www.minyanville.com/businessmarkets/articles/2010-economy-rich-poor-sp500-exxon/12/29/2009/id/26109).)
Who would have thought that in the following years, financial serviceshttp://images.intellitxt.com/ast/adTypes/icon1.png (http://www.minyanville.com/special-features/random-thoughts/articles/The-Short-Sale-of-American-Icons/11/20/2012/id/45964#), health care, and energy would all be considered “evil”? From the bulls-eye on the back of “fat cat” bankers to tough talk on the beltway—remember when the White House vowed to keep a “boot on the neck of BP (NYSE:BP (http://finance.minyanville.com/minyanville?Page=QUOTE&Ticker=BP))?”—it’s hard not to notice the path of the wrath.
We long ago warned of the “tricky trifecta” of societal acrimony, social unrest, and geopolitical conflict. Between Occupy Wall Street, The Tea Party, riots in Greece, and the specter of yet another war in the Middle East—not to mention the seismic shift in the European Union—it’s safehttp://images.intellitxt.com/ast/adTypes/icon1.png (http://www.minyanville.com/special-features/random-thoughts/articles/The-Short-Sale-of-American-Icons/11/20/2012/id/45964#) to say that we’re migrating across this most unfortunate spectrum.
At what point does an industrialist become a robber baron? Or a savvy speculator a profiteer? At what point does successhttp://images.intellitxt.com/ast/adTypes/icon1.png (http://www.minyanville.com/special-features/random-thoughts/articles/The-Short-Sale-of-American-Icons/11/20/2012/id/45964#) become privilege? The answers to these questions have profound implications for the future of free-market capitalism in an intertwined finance-based global economy. And if calmer heads don’t prevail, the bottom line might be the least of our concerns.
One of the great misperceptions in financial markethttp://images.intellitxt.com/ast/adTypes/icon1.png (http://www.minyanville.com/special-features/random-thoughts/articles/The-Short-Sale-of-American-Icons/11/20/2012/id/45964#) history is that the Crash of 1929 caused The Great Depression when The Great Depression actually caused the Crash. While public psychology can be manipulated for extended periods of time, free will can never be caged and the attendant social mood will shape behavioral patterns—and by extension our financial decision-making processes.
Read more: http://www.minyanville.com/special-features/random-thoughts/articles/The-Short-Sale-of-American-Icons/11/20/2012/id/45964#ixzz2CnR3rGPo
A few years ago, Professor Peter Atwater of Minyanville offered, “As we enter the New Year, I’d recommend that folks review their investment holdings with the growing wave of populism in mind. I anticipate that the phrase, “For those to whom much has been given, much is expected,” will take on new meaning.” (Also read The Robin Hood Economy (http://www.minyanville.com/businessmarkets/articles/2010-economy-rich-poor-sp500-exxon/12/29/2009/id/26109).)
Who would have thought that in the following years, financial serviceshttp://images.intellitxt.com/ast/adTypes/icon1.png (http://www.minyanville.com/special-features/random-thoughts/articles/The-Short-Sale-of-American-Icons/11/20/2012/id/45964#), health care, and energy would all be considered “evil”? From the bulls-eye on the back of “fat cat” bankers to tough talk on the beltway—remember when the White House vowed to keep a “boot on the neck of BP (NYSE:BP (http://finance.minyanville.com/minyanville?Page=QUOTE&Ticker=BP))?”—it’s hard not to notice the path of the wrath.
We long ago warned of the “tricky trifecta” of societal acrimony, social unrest, and geopolitical conflict. Between Occupy Wall Street, The Tea Party, riots in Greece, and the specter of yet another war in the Middle East—not to mention the seismic shift in the European Union—it’s safehttp://images.intellitxt.com/ast/adTypes/icon1.png (http://www.minyanville.com/special-features/random-thoughts/articles/The-Short-Sale-of-American-Icons/11/20/2012/id/45964#) to say that we’re migrating across this most unfortunate spectrum.
At what point does an industrialist become a robber baron? Or a savvy speculator a profiteer? At what point does successhttp://images.intellitxt.com/ast/adTypes/icon1.png (http://www.minyanville.com/special-features/random-thoughts/articles/The-Short-Sale-of-American-Icons/11/20/2012/id/45964#) become privilege? The answers to these questions have profound implications for the future of free-market capitalism in an intertwined finance-based global economy. And if calmer heads don’t prevail, the bottom line might be the least of our concerns.
One of the great misperceptions in financial markethttp://images.intellitxt.com/ast/adTypes/icon1.png (http://www.minyanville.com/special-features/random-thoughts/articles/The-Short-Sale-of-American-Icons/11/20/2012/id/45964#) history is that the Crash of 1929 caused The Great Depression when The Great Depression actually caused the Crash. While public psychology can be manipulated for extended periods of time, free will can never be caged and the attendant social mood will shape behavioral patterns—and by extension our financial decision-making processes.
Read more: http://www.minyanville.com/special-features/random-thoughts/articles/The-Short-Sale-of-American-Icons/11/20/2012/id/45964#ixzz2CnR3rGPo