What's Goin On?

"May you live in interesting times," is an ancient Chinese blessing and/or curse, depending on one’s personal perspective.

Is there a crisis occurring in our economy today? John F. Kennedy once noted, "when written in Chinese, the word "crisis" is composed of two characters--one represents danger, and the other represents opportunity."

Could our choice for president determine our prosperity for the next few years, decade or ever the next generation? I really enjoyed Dan’s last segment with Dr. Laffer where they discussed “HillBama” and the potential effects on our economy.

Dan says that any bad market right now is not being caused by the anticipation of HillBama. He also thinks that if they do get into office, this will cause people to speed up and act quickly, which in turn will make the economy look better when the markets start to go up because everyone is getting ready. Dr. Laffer explains that even if HillBama wins in November, it won’t be until august that congress will start to implement big pieces of legislature, which leaves us looking at new agendas and operations by Jan 2010. Dr. Laffer shares some convincing evidence to back this theory, citing Kennedy, Reagan, and even Harding and Coolidge’s campaign.

Whether we are blessed or cursed, we definitely live in interesting times and how we choose to react to what happens is how we ultimately define our lives.

Listen to the entire podcast here: The MoneyMan Report