Tuesday, May 22, 2012

A Farting Horse Never Tires

An old New England saying is that a farting horse never tires. Could it be true for the economy as well? I was reminded of this saying when reading the article below by First Trust Advisors.

Maybe the fits and starts and hiccups the economy is seeing should be seen as good news and we should change our focus. What do you think?

The Plow Horse Rolls On
Turn on the television, pick up the newspaper, search the Internet and you will find story after story about Greece, JP Morgan, austerity, the labor force, student loans, California, the G-8, or the Facebook IPO.  Just about every bit of the coverage is negative. 

Wednesday, May 2, 2012

How to Fight

This link to an video interview with Dan Milllman has some very insightful words by Mr. Millman. In the past, certain friends have accused me of being a pacifist because of my opposition to various United States military operations in other countries. Try as I might to convince them that is not true, they continue to hold that mistaken belief. Mr. Millman summed up my basic philosophy at 6:40 into the interview. He stated the following.

Let me define the term Peaceful Warrior. All of us are seeking to live with a peaceful heart but there are times when we need a warrior spirit. If we have to fight, let’s fight for something and not against something.  There is a much different spirit in fighting for something than fighting against something, rebelling, angry – fighting against something.

I am not an idealist/pacifist.  In other words I would not let someone beat me to death, my family to death, because of my philosophy of non-violence. I believe in kindness whenever possible. But, if I were attacked, I would reflect back to the attacker the consequences of attacking another person. And, I would fight to the very best of my ability. So, I don’t advocate violence but I do advocate self-defense and having boundaries and self-respect for yourself because no one has a right to harm us or people we know and love. 
His distinction about fighting for something and not against is very profound. I have always felt that protesting different government actions was counter-productive because my actions actually empowered the oppressive activity. But what to do?

Tuesday, May 1, 2012

It’s Real Growth, Not Just Sugar

It’s Real Growth, Not Just Sugar 

Check out the link above, the data Wesbury presents and his argument about the role of new technology. My intuition says he is right but I have been fooled before.