The calm before the economic storm...

At the moment it is relatively calm, but it is an eerie calm. It is that stillness that makes the hair on the back of your neck stand on end. A subtle indicator that all is not right and that things are about to take a very horrible turn for the worse. While the stock market did well yesterday it continues to fluctuate wildly. The jobless rate is still low, but is begin to creep up ever so slowly. Every thing seems fine... yet still there is this uneasiness to it.

Perhaps I am just being paranoid or alarmist, but those little warnings linked to our autonomic nervous system - the fight or flight mechanism - are beginning to get twitchy. Mind you it doesn't help the nerves of either myself or those involved in the market when, amid all of this economic carnage, we have a government which seems quite insistent on crippling the economy. Despite data showing that the state of the global economy is not good, Gillard and Co. push on with their fiscal kamikaze mission, urged on by the zealots in Bob Brown and the Green fanatics.


I don't think that umbrella will help you much...


Now history is littered with false prophets proclaiming that the end is nigh, and I certainly do not wish to join them. I just can't help but think that this recent market readjustment, with the accompanying disappointing job data, indicates that we are not out of the woods yet. If there ever was a time for introducing radical policies and ridiculous taxes, this is not it...