Gartman: Investment Capital Will Leave US Market
Posted by Larry Doyle on October 18, 2013 8:36 AM |
After the dysfunctional debacle displayed in Washington over the last few weeks — and potentially repeated in early 2014 — what is that strong symbolic wind now blowing offshore?
Oh, that is the sound of investment capital leaving our nation.
Not that those in Washington have a real appreciation for it but private investment capital is the lifeblood which fuels our economy.
While those in Washington are now sufficiently addicted to our central banking shell game, aka quantitative easing, why would they be concerned about protecting and promoting the formation of private investment capital? Great question.
The Washington elites may display little appreciation for the importance of private investment capital, but the rest of us should be very concerned because that capital represents the fuel needed to meaningfully drive our struggling economic engine. Highly respected investment manager Dennis Gartman spoke on CNBC this morning and takes us on a quick 3-minute sense on cents navigation of this all important part of our economic landscape:
A lessened flow of fuel with little meaningful octane means a slower economy, little wage growth, and an increasing fiscal deficit. A nice legacy the folks in Washington are leaving future generations.
Please pre-order a copy of my book, In Bed with Wall Street: The Conspiracy Crippling Our Global Economy, that will be published by Palgrave Macmillan on January 7, 2014.
I have no business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.