Rejection!...and a very deep throat

Terrorism and your Investments Seminar
On Friday June 3rd at 7:00 .I will be conducting a seminar in the early evening at “Westfield Avenue Cigars” 17 West Westfield Ave ,Roselle Park NJ 07204, (908) 241-1140 on how terrorism effects your investments. Stop in for a smoke and some wide open conversation.


June 1, 2005

Hello

France and Holland reject the EU constitution to the shock of all the elitist’s who somehow failed to understand one of the most basic rights of man kind; the right of self determination. With the EU treaty dead ,looks like Iraq will have a constitution before the EU. Perhaps it was a plot by Microsoft to thwart an EU anti trust investigation. Or maybe John Kerry wants to run for president of France. The problem as I see it is that no one bothered to ask the citizens of Europe what they want from a constitution.

What’s and investor to think? I am not sure yet but with the Bundersbank all ready planning for the demise of the euro sounds like this thing is deader than a door nail. Maybe Europe will have to go back to worrying about high unemployment, low productivity growth, no job creation, economic stagnation, a looming retirement crisis, declining populations, oil for food scandal over regulation and so on. Oh to pine away for the days of just blaming Bush, America and the “Jews” for everything.

A resounding defeat for the forces of Brussels, and of coarse the American Media continues to miss one of the biggest stories of the year and focus instead on the consumer confidence numbers which have failed to have any predictive value what so ever for many years. The have consistently signaled a decline in consumer spending yet actual spending continues to increase. The reason is simple in a world were large retailers release up to date data minute by minute, there is no longer a need for polls. We can verify the amount of consumer spending almost instantaneously making consumer confidence “push” polls obsolete.

So thirty years later what did Nixon really do? Apparently he was a politician that lied, gee that’s novel. Ok I am not much for wage price freezes or breaking the gold standard or many of the other ill conceived economic policies Nixon pushed on the American economy, taking us a generation to overcome. The real net result of Watergate was to abandon Vietnam creating a human catastrophe in Vietnam and Cambodia .Leading to the Kilmer Rouge killing 30% of the population and imposing tyranny in the region via the domino effect, good job guys.

James