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Wednesday, August 17, 2011

Markets are myopic

Most people do not understand our failed economy. For example, why did we fail instead of win. Well, I will tell you why this is. A few at the top get all the money. There is little incentive for people to work hard anymore. Also, with QE2 there is little incentive to save money. They say that markets are myopic. However, they can have a long memory.