US Growth Downgraded – Oh, Of Course, Invest Then ... In the Money Presses.

The first paragraph of this NBR report on the US crony economy is why I currently have no money invested in world stock markets – well, this and having no money:

Equities on Wall Street and in Europe gained as investors found value, while a downgraded pace of economic growth for the US helped ease concern that the Federal Reserve is about to take its foot off the monetary stimulus pedal.

So wrong on every level. Free markets? …. Move along, none to be found here.

My investment advice is to only invest in firms making electronic snooping equipment, with government contracts. And perhaps in jails.

This post also brought to you because it’s important to break laws that restrict your freedom of speech, including New Zealand’s draconian security laws: I think this may well be in breach of same?

I’ve also nicely fixed the NBR typo …  ;)