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Weekly Market Update

21 Oct

Our blog today links to the most recent “Market Update” from the experts at Commonwealth Financial’s Investment Research team.  If you have any thoughts or questions, please feel free to give us a call.

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Zee French

20 Oct

My junior year of college was spent abroad, in the South of France. A lovely little town called Aix-en-Provence.  There, I learned so much about the French culture and language.

Aix is actually a perfect microcosm of France. Better than Paris, for example, at representing all the many paradoxes that exist in French culture. Don’t get me wrong, America is the King of Paradox.  But France is really more enjoyable to poke fun at, isn’t it?

They eat and drink but never get fat. How does that work?

They loved our help in saving them from the Germans but routinely criticize America and our ways of  violence. So ungrateful sometimes!

They value education but teach too many of their young to believe that one can still live a wonderful life without working for it in any meaningful way. And that is the point of this blog post.

No doubt you know that France has had a great many philosophers.  During their revolution, men like Momoro, Hebert, Fouché and others began the Culte de la Raison or Cult of Reason to counter the Catholic church teachings and focus civilization on reason and logic over superstition and feelings.

Today, the French still insist they base their life on reason and logic. Not feelings. The English phrase common sense doesn’t directly translate and is mocked like a cow-launching John Cleese as a foolish sentiment.

“Sense” a Frenchman might say “is a feeling.  How can it be common and why would you want it to be anyway?”

There is the famous Descarte, “I think, therefore I am.” A mathematician, Descartes desired to build a thought process for science based on facts and reason, not ideas and guesses. Reason and logic.

Now consider the French government, which for 40 plus years has violated all reason and logic by making promises to its population it could never keep.  Paradox.

Today, those promises are becoming less and less tenable.  And other European countries, mainly Germany, are sick of trying to explain to France that their budget misadventures are threatening the entire European Union.

I’m not anti-French.  I enjoy these paradoxes and certainly their people and culture.  But right now, the French government and its refusal to see that the people of France must accept a new reality regarding their promised pensions, is not honoring men like Descartes or Fouché. And it may just be the thread which, when pulled, will unravel the economic recovery we’ve been waiting for in Europe.

C’est la vie, I suppose.

Weekly Market Update

23 Sep

Our blog today links to the most recent “Market Update” from the experts at Commonwealth Financial’s Investment Research team.  If you have any thoughts or questions, please feel free to give us a call.

Weekly Market Update

26 Aug

Our blog today links to the most recent “Market Update” from the experts at Commonwealth Financial’s Investment Research team.  If you have any thoughts or questions, please feel free to give us a call.

Weekly Market Update

20 Aug

Our blog today links to the most recent “Market Update” from the experts at Commonwealth Financial’s Investment Research team.  If you have any thoughts or questions, please feel free to give us a call.

President Obama- Good or Bad for Business?

15 Aug

Most of you know me as a moderate politically. I laugh with my friends of either the left or the right.  It is hysterical to me that if I oppose a conservative point of view, I’m a lefty commie.  If I challenge a liberal assertion, I’m Dick Cheney.

Truth be told, I find both parties woefully out of touch with the majority of Americans.  Both have their speech patterns so rehearsed that having an enlightened conversations with partisans of either party isn’t easy these days.

One thing is sure, the right has as much distaste for President Obama as the left did for his predecessor, George W. Bush. You’ll hear him blamed for everything bad in this country, from our wars, our immigration failures, our tax code and poor economy.  Funny thing is, he has little, if anything, to do with any of that stuff.

But he can set mood, he can set policy and he can do better at being a leader.  Recently, the Economist had an interview with President Obama and the topic of ‘business’ came up.

I found their take on his business record refreshing.  It was Fox News blaming him for the fact the planet spins.  It wasn’t MSNBC lamely kissing up.  It was a conservative magazine asking real questions and giving a moderate opinion.  How about that?

Weekly Market Update

12 Aug

Our blog today links to the most recent “Market Update” from the experts at Commonwealth Financial’s Investment Research team.  If you have any thoughts or questions, please feel free to give us a call.

An Expert’s Opinion on the Markets

7 Aug

Yesterday, I mentioned how I went to Boston last week.  But I didn’t have time to share with you that one of the sessions I sat in for was about the current state of affairs in global markets.

Brad McMillan is the chief investment officer at Commonwealth.  His insight is one I truly value and when he speaks, I listen.  Brad got into a talk about where markets and the economy stand today.

His talk was a tale of two worlds. Wall Street vs. Main Street.   What Brad was saying is, in his opinion, Main Street is doing pretty well and we might want to be cautious about Wall Street right now. Check out his blog, it is well worth the time.

For more on his insight, check out the link above.  If you have any questions, please call me. I’d be happy to talk over the points in the article as well as anything else on your mind regarding the financial world.

Weekly Market Update

5 Aug

Our blog today links to the most recent “Market Update” from the experts at Commonwealth Financial’s Investment Research team.  If you have any thoughts or questions, please feel free to give us a call.

Weekly Market Update

15 Jul

Our blog today links to the most recent “Market Update” from the experts at Commonwealth Financial’s Investment Research team.  If you have any thoughts or questions, please feel free to give us a call.

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