Over the last six months, I have gotten increasingly agitated at the consensus that has developed that we have a debt and fiscal crisis in the US. I attributed much of the noise coming from those who were telling us to watch out for the falling sky to a political agenda with the election approaching. Nevertheless, I have been unable to clearly articulate the opposite case - that we don't have a fiscal crisis - we have a an impending disaster from those who want to fix the debt challenge we have with austerity - and that would be the true crisis. [more]
I don't blog much - I don't have a lot to say and don't ascribe much investing prowess to myself just because I happen to play this wonderful CAPS game fairly well. I ran across a post from roofman6 over on the CAPS feedback board, and was struck that he looked at the score of the current top "Fool" (that would be me - yay) and that he was concluding that there must be something seriously wrong in his investing when compared to those scores and percentages - and that was keeping him up at night. I thought it important to respond with another perspective - and some reassurance that he shouldn't be drawing the conclusions he apparently is. I hope roofman6 doesn't mind me using his post to launch this blog entry. Here is what roofman6 wrote: [more]
From my deep and dark CAPS past (2007), I got into a bit of a spirited exchange with a gentleman by the name of David Redstone who took umbrage at my characterization of the financing that Medis Technologies (MDTL.pk) executed in late 2006. http://caps.fool.com/Blogs/medis-controversy/3831 [more]
Congratulations to Babo on your new TMF moniker.