Sense on Cents

Initially I intended to write this morning about the development of a bubble in China’s property market. As I was formulating my thoughts, this commentary took a turn. I went with it. I hope you will follow along.

I strongly and adamantly believe that before you can fix a problem, you have to be honest and acknowledge the reality and the core of the problem in the first place. I remain extremely concerned about the future of our economic landscape due to the very fact that I believe many within our society at large, and the financial and political spectrum specifically, are neither honest with themselves nor the American public. In fact, time and again I find myself thinking that the media and our financial and political leaders believe America can’t handle the truth. That’s is such bulls&*%!  I believe that mentality, however, is pervasive and is poisoning our country.

In speaking with a friend just yesterday, I shared the use of a phrase which I believe is all too prevalent in far too many corners of our society and our economic landscape. What phrase is this? (more…)