The Fed did exactly what I had expected, but the markets didn't .. Poor me :(
Speculative trading, market over-reaction and fear-mongering crushes any fundamentals or logic in today's market.
Oh, by the way, what's wrong with the guy in the Fox news channel who keeps comparing Israel's president to Winston Churchill and the US president to Neville Chamberlain? And he calls Israel's ambassador to US on his show to second this opinion of his? Mate - you might not like your president, but he is still YOUR president! Imagine Johnny telling Kevin repeatedly that his wife is not as beautiful as Kevin's and asking Kevin: "Is it not true, Kevin? Is it not true Kevin?" - and that too on national television. Shameful! (Oh, and a disclaimer: I have no political bias.)
Oh and the other news today - President Obama endorsing a view of making voting mandatory! That's a brilliant view, in my opinion. People who argue for freedom of choice to not vote in an election are mistaken! No one has the "right" or "freedom" of "choice" to drink and drive. Why? - because not that anyone cares much about the person who is drunk, but more about the fact that a drunk person driving could put other innocent people in harm by causing accidents. It's the same logic. Few people in a democracy electing a crazy bloke to very powerful positions whose actions can influence the country as a whole is quite dangerous. If everyone votes, we could ateast know the true democratic wish of the people.
A Washington times article( http://www.washingtontimes.com/news/2015/mar/18/obama-calls-mandatory-voting-us/ ) says that the general election turn out for the 2014 midterm elections was just a meager 36.4% and for the 2012 presidential election - just 58.2%. So much for the world's oldest democracy. This is a joke! Folks - vote! It's your RIGHT that you must exercise for the well being of the society! - and that includes you! As a prime example, you could see people in India thronging to the polling station whenever an election is held these days. There used to be times when the voting percent was just 40% or 50% or 60% there, but recently the numbers are 70% and 80% in many constituencies and that is already showing great results in many states and even at the national level - you could how some parties are trounced these days because of their corruption and what-not and the kinda mandate that people have been giving to effect change on the ground! (well, they still have to vote for the lesser devil, but that's altogether a different matter!) All this being said, voting should also be made easier using newer technologies rather than punishing people to stand in long queues! More work needs to be done in that area!
Speculative trading, market over-reaction and fear-mongering crushes any fundamentals or logic in today's market.
Oh, by the way, what's wrong with the guy in the Fox news channel who keeps comparing Israel's president to Winston Churchill and the US president to Neville Chamberlain? And he calls Israel's ambassador to US on his show to second this opinion of his? Mate - you might not like your president, but he is still YOUR president! Imagine Johnny telling Kevin repeatedly that his wife is not as beautiful as Kevin's and asking Kevin: "Is it not true, Kevin? Is it not true Kevin?" - and that too on national television. Shameful! (Oh, and a disclaimer: I have no political bias.)
Oh and the other news today - President Obama endorsing a view of making voting mandatory! That's a brilliant view, in my opinion. People who argue for freedom of choice to not vote in an election are mistaken! No one has the "right" or "freedom" of "choice" to drink and drive. Why? - because not that anyone cares much about the person who is drunk, but more about the fact that a drunk person driving could put other innocent people in harm by causing accidents. It's the same logic. Few people in a democracy electing a crazy bloke to very powerful positions whose actions can influence the country as a whole is quite dangerous. If everyone votes, we could ateast know the true democratic wish of the people.
A Washington times article( http://www.washingtontimes.com/news/2015/mar/18/obama-calls-mandatory-voting-us/ ) says that the general election turn out for the 2014 midterm elections was just a meager 36.4% and for the 2012 presidential election - just 58.2%. So much for the world's oldest democracy. This is a joke! Folks - vote! It's your RIGHT that you must exercise for the well being of the society! - and that includes you! As a prime example, you could see people in India thronging to the polling station whenever an election is held these days. There used to be times when the voting percent was just 40% or 50% or 60% there, but recently the numbers are 70% and 80% in many constituencies and that is already showing great results in many states and even at the national level - you could how some parties are trounced these days because of their corruption and what-not and the kinda mandate that people have been giving to effect change on the ground! (well, they still have to vote for the lesser devil, but that's altogether a different matter!) All this being said, voting should also be made easier using newer technologies rather than punishing people to stand in long queues! More work needs to be done in that area!
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