Eleven years ago today, I was reading The Book of Better Business Wisdom on an express bus from Brooklyn to my office in midtown Manhattan. As the bus pulled up to the world trade center a thunderous noise rattled the streets. It sounded like 10 cars had exploded at the same time. Shortly thereafter, paper confetti began to sprinkle atop the vehicle and a wide hole of fire was visible at the top of the trade center.
The era of 9/11 had begun.
Since then our politicians have disgraced themselves in ways unimaginable, through corruption and stupidity, we now have $16 trillion in national debt and our markets can’t survive without QE-life support.
Since 9/11, I’ve given up all hope on our federal government. I used to be a patriotic conservative, arguing the purposeful mandates of the republican party at dinner parties–kicking liberal colleagues in the shins and guts. After a while, however, I realized both parties were corrupted by the same thing and neither of them cared about the American people. My brother in-law did 4 terms in the Iraq war, risking his life for reasons unbeknownst to me.
Truth be told, I’ll never waste my time and money on politics again. I chalk it up to a youthful excursion into the bane and jejune.
As for the market, I hope it rallies today–but don’t expect anything grandiose ahead of the Fed. Fun fact, the iPhone 5 may boost GDP by 0.25-0.5%, according to an analyst report. Amazing.