What is the difference between Dr. M. Roubini and Captain C. “Sully” Sullenberger ?
Sully heralded as a hero while Roubini is heralded as DR. Gloom.
If we had payed any mind to Dr. Roubini, then he would also be proclaimed hero and savior of our hard earned money. Instead the media and society drowned out his and others advice with the herd mentality of the day.
In reality, they are both professionals at the top of their game providing you expertise with every fiber of their being.
This is where I come in. I’m going to attempt to give you the most pertinent news for your financial gains and decision making.
During market hours I will try to provide news stories that have immediate impact on the market place. When our markets are closed, I will present news that runs along the lines of macro economic thesis, in other words, events that impact the longer term outcome of investing.
Here is your first question to think about: What does buy American mean for our future ?
Will this be just rhetoric or will this lead to ruffled feathers down the road ?
Most importantly, will this stipulation have any effect upon foreign support and or purchases of our treasury bills ?
“The EU has increased its pressure on the US to reconsider the “Buy American” clause in the $800bn (£567bn) economic recovery package now before Congress.
The clause seeks to ensure that only US iron, steel and manufactured goods are used in projects funded by the bill. “
Our brothers up north in Canada are also worried looking to mitigate problems going forward. Watch a TV excerpt from Canada below on American protectionism:
Obama is already very quick to act upon calls from many nations regarding protectionism.
“I think it would be a mistake … at a time when worldwide trade is declining for us to start sending a message that somehow we’re just looking after ourselves and not concerned with world trade,” Obama said on the Fox television network.