Thursday, February 19, 2009

Does Rick Santelli Read NBfPB?

Rick, I said "quiet rebellion".  Don't buy treasuries, pay your plumber in cash...that sort of thing.  I didn't say take to the airwaves and streets!  I guess maybe you are right though, politicians only respond to overt incentives, they won't get the underlying movements of fundamentals.  Still, with it so easy to move money from the US to the rest of the world, why not vote with your dollars first and while the rest of the world is making you a return take to the streets.  So while we starve the US of capital, let's be happy we can invest with a few clicks in the Canadian energy sector, or Bermuda-domiciled shipping, or Australian natural resources.  The world is craving the capital that Team Obama/Pelosi/Reid would just as soon piss on.  Rant and rave, yes, but invest abroad first and foremost.

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