AllupInyourBiz

For the love of all that is good and holy, I hope so. It always amazes me how cyclical the global markets are. The Japanese indices had gains, we have gains. Sometimes I can’t help but think of a dog chasing it’s tail.

Update: 4:15 P.M.– aaaannnnd, we are (barely) back above 8000.

Former Governor of MA, and GOP figure in the recent election, submitted an OP Ed piece for the NY Times this week. The article addressed the floundering domestic automotive industry. Romney is a self made independently wealthy individual (Bain Capital) whose father was a Auto industry mogul before becoming a political in Michigan. You would think that these things would qualify Romney to speak on the topic of solving the problems of domestic auto producers. Indeed, Romney is qualified. But Romney’s article “let Detroit go bankrupt” does not delve into any sort of complex strategy based on his expertise as a Private Equity genius. Instead, Romney merely asserts that decisions should be made using common sense. Hmmm, imagine that. Romney astutely points out that “Getting more and more pay for less and less work is a dead-end street.” Romney also suggests that bailing out the floundering auto makers will only prolong the inevitable. I couldn’t agree more.