Feeling a tad confused lately? Don’t be confused, be dazzled should be the mantra that describes the year 2010. All and all it has been breath-taking to view. I have always been fascinated with the sleight of hand, or the artful misdirection plays. The team of Penn & Teller is one of my absolute favorites. One of the reasons I find them so fascinating is right before they perform the trick or immediately after, they show you in stunning detail just how the illusion is created, and yet it loses none of its magic.
If I were to tell you about a performance I witnessed and I want you to see it also, I might start out something like this…It opens with a scene showing 2 short years ago the wheels coming off the economy, and there is a terrible crash in the stock market rivaling the plunge of 1929. It also shows the value of people’s homes in some places dropping 50% or more, some losing fortunes, retirement accounts being devastated, and unemployment would be almost double and moving higher. When might you feel you’ve heard enough? What if I also said, but wait there’s more….much more, we’re not even at the good part. The most interesting and dazzling part of this will be how we “recover” from it. It’s a show that can’t be missed, here’s a few of the highlights.
First…What they did was state over and over again we need to cut back on spending, but then they spent double and doubled that…it was fantastic.
Second…Just when you thought employment was a measure of the economy, they turned it around and stated publicly that Unemployment benefits were the way to grow the economy…that was amazing to behold.
Third…I thought the Fed buying Treasuries was the equivalent of monetizing the debt, or printing money. How foolish I was on that one. I obviously forgot what the meaning of “is” is. There was a standing ovation on that one.
Fourth…The European Union is beginning to unravel once again, N.Korea has sunk a S.Korean naval ship, fired missiles killing and destroying a fishing village prompting the US to place an aircraft carrier group along with the S.Korean navy to perform war drills off the coast of China who protests, and they’re our banker now. Just stunning in every detail, well worth the price of admission alone.
I can’t tell you everything about the show, you have to actually see it for yourself. It’s one thing for me to try to explain, but if you really want to get the “Full Monty” just look with open eyes and an open mind. You won’t be disappointed.
Oh I almost forgot one of the best parts, towards the finish, they were able to raise the stock market back to levels not seen since before the crash of 2008! It’s a balancing and high wire act that rivals anything Cirque du Soleil has to offer, I mean I’m talking spectacular, but I don’t want to ruin the show for you, see it for yourself and be dazzled.
I don’t want to be a spoiler and tell you how this performance ends.
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