Marc-It-Wise: What Texans Need To Know Economically
By Marc L. Flaster
NEW YORK New York (Texas Insider Report) You are in a world of hurt Mister if you think the nations current economic funk is just a passing fad. You are wearing
the wrong size under-wear.
Brexit does not mean Exit it means Break-it. All the Kings horses and all the Kings men cannot put Humpty Dumpty back together again!!
If America is a melting pot than England is vegetable soup.
The Economic Union idea bred from an academic embryo into a full-fledged what if discussion at the highest order. By 1998 it was on the Village sandwich board. Soon thereafter a common monetary unit was born the EURO; a moil that castrated its membership removing sovereign rights for the benefit of the whole in exchange for freedom to walk among the countries and pig out on Big Macs everywhere.
The only thing left to connect nostalgia of old was an assortment of languages and dialects all of which are lost in translation . Latin would have been a better common denominator. At least the Iliad would be a scholastic requirement in other places than Eton.
Woody Wilson did not chop down a cherry tree but he came close. Not standing beside the Statue of Liberty but he might as well have asking the nation to give him the tired and poor those huddled masses yearning to be free and of course their money. He promised to manage a scheme of social benefits hiring the elites of Harvard and Yale to manage the trusting public with visions of sugar plums.
Had it not been for the Best & Brightest emerging from the Fog of War this land would not have been your land before a fortnight of new moons. From Roosevelt to O-b-wan the trend has not been your friend. The Mommy State grew on the promise that there would be a chicken that had crossed the road in every pot.
Brexit brought us to this fork in the road and as the Yogi said When you come to a fork in the road take it!
The World will not come to order right now. Trade barriers will be re-erected currencies will now reflect their countrys core strength rather than its relative debt to GDP ratio. The U.S. Dollar shall reign supreme and the birthing of a baby elephant would be a good clock to time the birthing of this Brave New World.
The need for foreign exchange will again drive commodity values down to bargain basement levels.- Inflation has been moved to the dusty library stacks.
- Funding for real property will be harder to find than Carmen Garcia.
- Once the finger has been pulled from the dyke the tumbling Walls of Jericho are next.
Greece was the siren horn the UK is the claxon. It was not the fears of new migrants that brought the country that once ruled the waves to the brink but rather that the new citizens of the Thames maintained their language and culture determined not to assimilate.
Living within the European Union chains that bind a fungus of frustration bred in this damp climate. King Henry the VIII broke with the Roman Order to seek independence from rules from afar; the UK has done the same thing by replacing Brussels with London Bridges. History does repeat itself!
It is time to call All Hands on Deck. This eclipse of the moon may take a long time to complete its passage. so beware of wolves disguised in sheeps clothing.
Feel free to share this email with anyone else you believe might have an interest. It is written from my point of view about topics that I
find interesting and I dont expect my readers to agree with me even half the time.
Marc L. Flaster has advised financial institutions across Texas in balance sheet management for over 35 years. The views expressed in this article do not necessarily reflect the opinions of any client or organization with which Marc L. Flaster might be affiliated.
