May 26, 2008 - Pimco's Bill Gross makes a most humorous analyses, drawing parallels that the hordes are marching on the new Rome (America), and that its time to act. Make sure you read this must read, the June 2008 Investment Outlook, by Bill Gross. At the end, Gross puts forth his recommendations.
What this country needs is either a good 5 cent cigar or the reincarnation of an Illinois "rail-splitter" willing to tell the American people "what up" -"what really up." We have for so long now been willing to be entertained rather than informed, that we more or less accept majority opinion, perpetually shaped by ratings obsessed media, at face value. After 12 months of an endless primary campaign barrage, for instance, most of us believe that a candidate's preacher - Democrat or Republican - should be a significant factor in how we vote. We care more about who's going to be eliminated from this week's American Idol than the deteriorating quality of our healthcare system. Alternative energy discussion takes a bleacher's seat to the latest foibles of Lindsay Lohan or Britney Spears and then we wonder why gas is four bucks a gallon. We care as much as we always have - we just care about the wrong things: entertainment, as opposed to informed choices; trivia vs. hardcore ideological debate.)
It's Sunday afternoon at the Coliseum folks, and all good fun, but the hordes are crossing the Alps and headed for modern day Rome - better educated, harder working, and willing to sacrifice today for a better tomorrow. Can it be any wonder that an estimated 1% of America's wealth migrates into foreign hands hands every year? We, as a people, are overweight, poorly educated, overindulged, and imbued with such a sense or self importance on a geopolitical scale, that our allies are dropping like flies. "Yes we can?" Well, if so, then the "we" is the critical element, not the leader that will be chosen in November. Let's get off the couch and shape up-physically, intellectually, and institutionally-and begin to make some informed choices about our future. Lincoln didn't say it, but might have agreed, that the worst part about being fooled is fooling yourself, and as a nation, we've been doing a pretty good job of that for a long time now.
Bill Gross - Investment Outlook - June 2008 - "Hmmmmm"