Happy Fed Day.
The advertising and the positioning of America is wonderful. Come to our shores (cross our border while we’re asleep) and you’ll be in the land of milk and hand-outs. (True) You’ll be in the land of unlimited opportunity. (Maybe not…) And you’ll be in a land run like a business on behalf of the people! (no way!)
If only we lived up to the messages we convey to the world about this once-Great nation of ours. So this morning, in a moment of pre-election madness, I decided to dissect how we delude ourselves by skewing data and setting up elections so that not all the most current and useful facts are yet on the table.
After coffee, headlines, and a thoughtful look ahead at what markets hold in store for us…