This blog attempts to educate people about how our economy works and to provide updates on what is going on in the economy that may affect them (See personal story at the bottom of the page). Neither this blog nor I are investment advisors, any opinions posted on this site are my own. Please seek a professional investment advisor to fit your personal investment goals.
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Wednesday, September 29, 2010
Reflection on Tepper Interviews
I want to make it clear that the Tepper interviews, that were posted yesterday, was really pointed toward traders (that have their head in the news and a feed to the FED) as another way of making decisions (a tool if you will). I think Mr. Tepper ignores the long term problem of debt, currency debasement and global changes around currency far too much for the long term. I see him as a short term trader that follows FED speak and has learned to profit from it (not that it cannot change in a minute). On the surface I agree with his short term views if I were a trader and give him credit for out of the box thinking that others clearly did not execute. We still have big issues to face long term that, regardless of any hype in the markets to get people buying again, will have to be dealt with at some point.
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