“Believing that you could put together bad stuff with good stuff, mix it up, and make it great stuff, is the debauched, debased, phony belief system that brought down Wall Street.
Believing that you could create real wealth with capital, technology, hard work, a willingness to take risk-is the belief system that is the foundation of true economic progress.
Not all the financial news is bad.
For example, in the United States, 90% of mortgagors are meeting their payments, and more than 90% of the eligible workforce have jobs. Don’t believe Barack Obama, that this is a new Depression. Besides, he doesn’t believe it himself anymore, now that he has got three trillion dollars in spending approved.
It’s easy at a time like this, to focus on the bad side of things, but in fact this gives you a chance to regroup and reload.
So take advantage of the opportunities that are out there.
“When You Come To A Fork In The Road-Take It” Don Coxe, Chairman, Coxe Advisors LLC.
