Larry, I am the guy you have been looking for to tell you, you are right! Since the collapse in September, when I lost most of my portfolio during September '08, I have not only gained back my losses, but doubling my pre-September balance. I have been promoted at work, as has my wife. Another promotion and raise look to be on their way.
As with any financial crisis, most people stop talking about the key component, revenue. I can't remember the last time I heard anyone talk about plain old revenue. The reason the banks are going to make huge profits soon, is because with their massive revenue streams, you can absorb an incredible amount of loss. Now when it turns, every dollar you don't lose is pure profit. This trend can turn quickly and the loss to profit swing can be immediate.
I am betting on old fashion believers in a free market, but get nervous whenever someone from the current administration says anything. The quickest way to economic prosperity would be to cut the government in half. Let me keep my raise and invest it, make myself money, and create opportunity for the innovative....
Jimmy
Showing posts with label Larry Kudlow. Show all posts
Showing posts with label Larry Kudlow. Show all posts
Sunday, August 2, 2009
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